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dorfmanmaster

ADRO broke important resistance level

Long
dorfmanmaster  
NASDAQ:ADRO   None
Chart Patterns Trend Analysis Technical Indicators ADRO biotech Stocks technical
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chartpattern trendanalysis indicator adro biotech stocks technical
ADRO just broke a Resistance level @4.3, coincidentally, we also broke the SMA(200).

If ADRO can maintain its price above the SMA(200), consider the downtrend broken.

Technicals:

  • High RSI @69, OBV confirming.
  • MACD>MACs
  • CCI reaching 100, on uptrend.


*Be careful and ALWAYS use stop-limits as well as price-targets

Happy trading!

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