Panjang

$SGMO confluence of support (a lot going on)

has been correcting its 100% surge higher, I believe I have found enough evidence to suggest the pullback has completed and represents a great buy opportunity:

1) +1 year long resistance is acting as support
2) reclaiming of the aVWAP from the bottom for the first time in 8 days
3) holding the 50 day EMA
4) consolidation occurring at the 50% retracement
5) price low of $13.48, AB = CD from peak terminates at $13.46

This idea reminds me of the technical situation of (formerly known as ) which I've linked below. The combination was a nearly straight line move higher off the bottom followed by a pullback into the long term resistance (now support), a key moving average (200 EMA) and a key fib retracement (61.8%)

ETrades1

Penerbitan berkaitan

CATS confluence of support

oleh ETrades1

Penafian

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