Ive been scoping this on out since its resistance touch hoping it would bounce back to support, support has been broken although price holding the 200SMA similar to a few weeks ago where support was broken but rose again, creating that resistance line.
With its third hit on this ascending support level, Auxly mixed with earnings is leaning towards a pop off this trend line. Stop Loss set under trend line with take profit set at previous high.
After two hits on a prior resistance, solidifying its position, UNFI broke through this resistance and reached it again to bounce off it, Stop loss placed below new support line and TP just above prior highs, will contemplate selling at previous high
Good Cup and Handle forming on AMD short term, any bounce would work but looking for a bounce off of the MA line as well as a crossing on the RSI. Could decline and return at a higher or lower level.
Price has hit the top of both indicators in use; Bollinger bands and Stoch RSI. With a strong spot above the moving average and peaking a diagonal resistance, I can see this price moving from the .5 Fibonacci level to the .382 level.
After a short but large bull run, LK seems to have created a perfect bull flag, buy in the yellow bubble would be the target then sell once it hits outside of the flag which would give it momentum. Conservative stop-loss because if the flag goes south then the whole analysis goes down the drain and would have to re-analyze.
Original plan panned out well, just looking for comments on whether the updated resistance (blue) is accurate or if its an actual breakout from the original resistance. I appreciate any input. Thanks!
