After a sharp fall, Ultratech has a made a double bottom with higher lows. After a bit of consolidation, over the past 3 days a triangle pattern has formed. This is a bullish signal. A break above the past 2 day's high will propel the stock from 3900 levels to 4100 levels. A good positional bet with a 5 day horizon. MACD Crossover and RSI divergence confirm the chart pattern
Note
That's the break out that we were looking at.Note
4029 now
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.