* Great earnings quarter over quarter
* Breaking out of IPO base (also shaped like cup and handle on the monthly chart)
* Very high 3-month relative strength of 8.43 in the Industrial sector
* Breaking out of an 18 month base with higher than average volume that recently created a cup and handle
* The red horizontal line indicates previous all time highs which was retested as support just recently
Trade Idea:
* Now's a great time to enter as the price is very close to the broken level.
* Due to current market conditions I wouldn't be surprised if we break back below $26.91 to around $26.52 before heading higher.
* Breaking out of IPO base (also shaped like cup and handle on the monthly chart)
* Very high 3-month relative strength of 8.43 in the Industrial sector
* Breaking out of an 18 month base with higher than average volume that recently created a cup and handle
* The red horizontal line indicates previous all time highs which was retested as support just recently
Trade Idea:
* Now's a great time to enter as the price is very close to the broken level.
* Due to current market conditions I wouldn't be surprised if we break back below $26.91 to around $26.52 before heading higher.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.