3 MONTH REVERSAL TRIANGLE IS FORMED. BUY : 45 TAKE PROFIT: 50 STOP LOSS: 43.5
Looking for a break to the upside due to the ascending triangle pattern formation on the Seagate STX 4HR chart. The target is estimated to be at $56.
The price is below to MM30 and it's clearly a phase 4, the RSI is low so don't buy.
I think time on our side and all semi and memory stock will pullback.
A B C zig zag correction , in C correction, possible 5 wave down
Expected to Continue Bullish Trend Till 62.86 .. Observe the price pattern At this level If it could cross this level successfuly It will easily reach @ 70.00 level
I'm extremely confident seagate will be making a reversal as well as it is as all kinds of resistance.
$STX looks like it's broken major resistance and is sporting a dividend of 4.48%. It will have no trouble getting to 62.76. When it breaks 62.76 it will be clear sailing to 69. That's around a 24% gain from 56.05.
Sector: Technology Industry: Data Storage Devices (Blue line) is support (Red line) is resistance (Red circle) a big weekly Gap Note Weekly Gap is not filled, that show me how bullish is the price Some Long lower shadows testing the new support level 46.60 (Blue line) I see intentions of the price of going for the main resitance level around 62.60 based in the...
The tech stocks do well. The Trade ist out of an retracement. Inital Stopp should be the old low. Target the old high.
Seagate Technology plc (STX) provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. The company manufactures and distributes hard disk drives, solid state drives and their related controllers, solid state hybrid drives, and storage subsystems. The company started an explosive move higher on a report...