Sector: Technology
Industry: Data Storage Devices
(Blue line) is support
(Red line) is resistance
(Red circle) a big weekly Gap
Note Weekly Gap is not filled, that show me how bullish is the price
Some Long lower shadows testing the new support level 46.60 (Blue line)
I see intentions of the price of going for the main resitance level around 62.60 based in the breakaway gaps,
A breakaway gap is an important event because it almost always marks the start of a new trend.
All ideas that I shared in this series of publications called "Technology stocks for 2018" are trend following mode.
This idea need several weeks more to mature
Industry: Data Storage Devices
(Blue line) is support
(Red line) is resistance
(Red circle) a big weekly Gap
Note Weekly Gap is not filled, that show me how bullish is the price
Some Long lower shadows testing the new support level 46.60 (Blue line)
I see intentions of the price of going for the main resitance level around 62.60 based in the breakaway gaps,
A breakaway gap is an important event because it almost always marks the start of a new trend.
All ideas that I shared in this series of publications called "Technology stocks for 2018" are trend following mode.
This idea need several weeks more to mature