Is ADT going to MOON or be rejected as it tests Highs? LONG-ISH!

This easily could keep going after a nice run, but it would be the third and final move upward before a corrective sequence reversing some of these gains (per theory at least).

Thus far it's a believable long but everyone's attention and the trigger will be ready as ADT opens Monday AM looking to keep going past 10.2; it has tested and failed this benchmark, but its resiliency has kept the position strong over the last three quarters.

-BDR

Comment:

ADT has continued to push its 2nd wave ascension but expecting a drop later this wk to balance it out would be less than surprising really. The LONG on this could be up to 17+. It makes for a nice (very) long swing at least.

Comment:

We should see a max out on this soon, expecting it roughly 12/s.

Then we'll see the 3-wave corrective sequence again. #Elliot