AXDX - Trading near the stronger support
AXDX is currently trading near the support at $5.34 and the stock has been holding weak since 2017. From the overlap indicators, we can see the bearish trend, at the moment, the price is below of 100 and 200 SMA from daily chart and below 20, 50, 100 and 200 SMA from weekly chart. The momentum indicators (RSI) on weekly chart, we can see a breakout from bearish trendline, haven't confirmed it yet.
Points to seek a reversal pattern:
1 - Breakdown of weekly trend line
2 - Reversal patterns of candlesticks
3 - Volume > SMA 20 Volume in positive candlesticks
4 - Price cross SMA 20, 50 in weekly chart
5 - RSI > 50 in weekly chart
DISCLAIMER: trade based on your own decision
Points to seek a reversal pattern:
1 - Breakdown of weekly trend line
2 - Reversal patterns of candlesticks
3 - Volume > SMA 20 Volume in positive candlesticks
4 - Price cross SMA 20, 50 in weekly chart
5 - RSI > 50 in weekly chart
DISCLAIMER: trade based on your own decision
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.