AVID
Hi traders!
Today, in addition to the ESTE paper we talked about yesterday, there is another stock that should do well today.
AVID: AVID TECHNOLOGY INC.
What's on the chart:
1. level formed by a rollback in a downtrend
2. Far retest
3. Strong rebound movement on higher timeframes.
Strategy:
Going short on a breakdown of the 29.91 level
Important: Your entry point, risk level, stop order and TP order should be set according to your risk and money management.
Order cancelled:
This paper can no longer be traded today. It opened below the level. But note, the direction of movement is correct - and this is the main thing