ShakeShakeLeg

AVT - A electronic distributor - Swing Long

Long
NASDAQ:AVT   AVNET INC
What I see...
+ Bullish engulfing on very high vol.
+ MACD found support from signal line
+ RSI bouncing off of 50
+10MA has just recently crossed above 50MA
+ Prices found support from the upward trend line

- Prices bounced off the 10MA
- Similarly, upper shadows throughout!

What I setup...
Long entry at mid-$29 when price breaks above the trend line
Stop at last week low
Target at $34

Order cancelled: Cancelling setup.

Comments

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