Avanti Feeds Breaking Out Of A Long-Term Falling Wedge
-Stock breaking out of a long-term falling wedge.
-High volume on breakout along with high volume accumulation days within the pattern.
-Triple point divergence on the RSI.
-Triple point divergence on Stochastic.
-Triple point divergence on MACD.
-Stock respected a key resistance and formed a huge bullish pin bar just a few days ago. Maybe a shakeout.
-If Avanti sustains above the trend line, it can see 2700-2900 levels in a few weeks IMO.
Not an investment advice. Do your own due diligence.
Disclosure: Not invested, but will probably invest when the market opens.
-High volume on breakout along with high volume accumulation days within the pattern.
-Triple point divergence on the RSI.
-Triple point divergence on Stochastic.
-Triple point divergence on MACD.
-Stock respected a key resistance and formed a huge bullish pin bar just a few days ago. Maybe a shakeout.
-If Avanti sustains above the trend line, it can see 2700-2900 levels in a few weeks IMO.
Not an investment advice. Do your own due diligence.
Disclosure: Not invested, but will probably invest when the market opens.
Trade closed: stop reached