AXL, after giving us a decent type 1 reaction of the 0.886 PCZ, has now begun to slow down and has developed a 3 Falling Peaks pattern with a 4th lower peak for good measure, and it now looks to make a type 2 return to the HOP level, which would take it just below $1.00 if it plays out.
Hidden bullish divergence nearly confirmed on 1D with a bounce off 0.618 fib level. EMAs squeezing, looks ready for next leg up.
Breakout of a falling wedge& above support. Triple classic bullish divergence on the daily MACD and classic bullish divergence on the daily RSI. Stop = Under resistance 1st Target = 200 Day MA 2nd Target = Resistance / Mental resistance @ $10.
Limit buy - 8,60$ Target - 11,50 Risk/Reward Ratio - 7,25 Stop-loss - 8,20
AXL looks to be oversold with an RSI of 40. The .5 fibonacci level (10.25) appears to be a reasonable support level since it was tested 3 times in the last 8 trading days. Looking for it to hold 10.25. First target 11.05, 11.61
I like the MACD curling up and yesterday's gap up to test the .38 Fib level. Target: 11.06
Would prefer AXL to bounce off the support line one more time before entering for the sake of a close stop loss. Maybe there will be a dip at the open
Possible Another J-Hook Or Cup and Handle Or Roll Over
Hello ! Key points : Breakaway gap Breakout on high volume First pullback Volume sinks The stock consolidates within an ascending triangle, it gets rejected from that significant confluence zone (circled on the left). It makes higher lows but not higher highs, buying pressure slowly builds up, people gain in confidence and are willing to pay higher...
Probably not the most popular ticker in the world but I am watching for a bullish continuation tomorrow with a lean towards the Open And Go, but possibly buying the dip if she tests the 100-15m-EMA which has been recently a common theme on her chart.
Breakout mode, jan puts sold and calls bought, EMAs crossing, BREAKOUT SRRRRRRRRRRRRRRRRRRRRRKT
NYSE:AXL Bounce from 100EMA and Piercing Pattern Formation
Not sure if I will take this trade. @Reallifetrading
ENTER 15.78 STOP 16.77 TARGET 9.52
ENTER 17.47 STOP 17.98 TARGET 9.53