Ascending Triangle broken out after a 6-month bull run with a 3-month correction.
We are trying to capture the run right out of the gate, hence there is limited support confirmation. However, momentum is there and the RSI / STOCH / MACD are on our side.
- Target Entry $128.05
- Target Stop Loss $126.00
- Target Exit $137.85
About me
- P/L September +33.74% |...
AVY is approaching our first resistance at 99.97 (horizontal overlap resistance, 38.2%, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 91.37 (50% Fibonacci retracement).
Stochastic (34,5,3) is also approaching our resistance and we might see a corresponding drop in price.
