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linknero
Oct 25, 2021 10:11 AM

Posible rising or not? 

Calix, IncNYSE

Description

I like this stock, it is in an uptrend, so this time it could be a good time to take a position, it is ending the pullback, and it is touching a resistance area, another good point is that it is almost touching the EMA50, the lower line of the trend and a fibonacci resistance, if the price doesn't break those supports, then it could be a good entry... but there is a negative point, the price is shown as overbought, so it could begin a change of trend, or create a head and shoulders pattern with the price from september 15 till now. My consideration: I'd go long, but always remember to wait for confirmation, keep an eye on volume and set a stoploss below the pullback (or EMA50 if it were the case)
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