After a serious slump we see some life in SEDG. Stock went through a constructive bottoming phase with three retests on low volume followed by surges of accumulation. Last three swings show higher highs and higher lows. Yesterday the stock bounced off the 50d SMA and surged through major resistance at 14.50. It is now trading at the next major resistance level...
(VCCBO) = Volume Confirmed Consolidation Breakout.
(OR/NS) = Old Resistance/New support
SEDG broke out of consolidation on high volume. The gap up is a retest gap and today it looks like it is retesting old resistance which is holding as new support. this retest has also filled the gap
Since I dont want to be in this play if the 14.50 mark doesn't hold I am...
RETIREMENT ACCOUNT HOLDERS
If you have this stock $SEDG NASDAQ:SEDG
Stock screener protocol is good except the earnings date falls on 2nd August. Take care of it...
Chart is looking good. Buying low as it bounce on TREND LINE. And in next few days, possible cross over of green on red and white MAs. See the chart NASDAQ:SEDG
Aug 16 18.00 call is 1.60...
My main focus here is the 50MA . It has been strong resistance before and now acting as strong support .
Looking for a quick in and out trade for this one.
Double bottom @15.5, then trend reversal while forming a rounding bottom. Volume breakout and consolidation. This can easily get up to previous high @43 and beyond.
