I've alerted to the original rectangle setup back in July. Stock broke up around end of July, reached its chart pattern price target and now forming another rectangle consolidation chart pattern at ATH.
After pretty good earnings, it appears they may pullback to the opening of the earning's gap or the close of the day prior making a gap fill. The market in general feels a bit overextended in the short term and we may see some weakness early next week leading to a correction. A dip down to 20.50 or lower is what Im looking for to enter a long.
Small Gap below price. I would think there would be strong support there According to Chartmill, there has been large player interest with large effective volume for this stock the past 4 trading days in a row EV is an indicator written about in a book by Pascal Willain Effective Volume analyzes the intraday volume on the minute level to determine what small and...
Double bottom in bullish trend. Also perfect timing for pharmaceutical companies.
NYSE:AVTR 1:21 or 1:1.5 in my opinion is a good risk-reward ratio. Even if the winning rate is 50%, trades will still be profitable using risk management Spotting bullish divergence would add confidence :)
IBD composite rating 88 IBD RS rating 83 Long @ 21.31
Daily chart sell @21.75 T1 20.40 T2 18.90 SL closing up 22.60
Price reached is price target 3 days after the breakout. I have alerted to the rectangle consolidation pattern on July 19th.
Alert set for breakout above $20 Potential upside target $23.00
Plenty of good looking setups out there you just need to find them. Well defined 2 and a half months consolidation in the form of a rectangle #chartpattern. The stock will be trading at all time highs (ATH) if it breaks out to the upside. #ClassicalCharting, #KeepItSimple
Hello traders, AVANTOR is in a downward push, low sales volume he may seek to pull back on the Fibonacci to go up to land on his previous higher if the buyers give themselves their means. Please LIKE & FOLLOW, thank you!
AVTR broke through current support level after a double top. Now it has a large void below until next support.