"Vontier Corporation" has broken above a previous resistance area with a strong price gain supported by greater than normal volume . Be careful as it could pull back. Perhaps look for a buy price if it reaches 31$ to confirm direction"
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Vontier is an industrial machinery company setting up in a textbook breakout pattern.
After surging more than 50% off the October lows and reclaiming its 200-day moving average, shares have consolidated in a series of shallowing pullbacks. Retracements have tightened from 11% to 7% to just 4.5% with resistance at 27.50.
Look for a breakout above 27.60 on above...
Long and short VNT
Activation of the transaction only when the blue zone is fixed/broken.
The author recommends the use of anchoring fixed the blue zone, this variation is less risky.
If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea...
NYSE:VNT breaking out of the rising triangle and is not targeting 33.7$, stop slightly lower than 28$, wait for pullback to enter to get a better risk to reward ratio unless its a long term holding. This is a great stock for investment.
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This is only my own view and not a financial advice, do your own analysis...
