AIT first gapped strongly of a long term sideway consolidatin on 11 Aug (earnngs beat) but soon gave back all the gains as it started another round of consolidation (this time forming a rounded bottom).
It is not uncommon to see "false/failed breakup" especially during periods of uncertainties in overall market. What is important is to note the "relative...
Hello fellow traders and investors, here's a trade idea on ticker: AIT
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AIT has recently sold off to the 80SMA which has been a strong level of support in the past. If it makes a recovery to the take-profit area it offers a 17% ROI.
Technicals:
The RSI is oversold
The MA's are still in a...
Triple top formation but seeing as we're $.05 away from ATH, quick scalp trade to the upside wouldn't hurt with proper risk management. Somewhat of a reminder of $AAPL's chart back in Feb (9th). Big dip, before new ATH, then another dip back down to 200 EMA. Confirmation of a breakout would be white EMA (55, low) above 180 WMA - regardless of momentum. Seeing as...
