Updated chart based on weekly; New Robo signals selected. EngRobo Bullish, we are also Bullish with an open/close candle above $103.65. Last candle spiked the same support line, however still considered Bullish. Good time to buy now or at next support line at$81.94. Or watch for Robo signals. G
Watching USNA for a potential breakout of the resistance zone. USNA sells weight loss products, which could be beneficial for most of us after coming out of the lock-downs. :)
Entry level $80.58 = Target price $87.65 = Stop loss $78.50
Ascending triangle forming, very close to breaking up.
Golden moving average crossing imminent.
Short interest 12.5%
P/E ratio 17
USANA Health Sciences, Inc. develops and manufactures nutritional, personal care and weight-management products. Its product line divided into four categories: Essentials,...
I guess the firm correction movement ABC is near to find a support on the weekly SMA. If we change time frame from weekly to monthly near those prices is passing the monthly SMA.
Tomorrow I'm going to enter @82,60 for a long bound as showed in the chart.
This is a wonderful long term pattern. Hasnt seted up yet. Its a very long term pattern (probably a year long). there will be drawdown but stick with the 15% stop loss.
