AXL, after giving us a decent type 1 reaction of the 0.886 PCZ, has now begun to slow down and has developed a 3 Falling Peaks pattern with a 4th lower peak for good measure, and it now looks to make a type 2 return to the HOP level, which would take it just below $1.00 if it plays out.
Breakout of a falling wedge& above support.
Triple classic bullish divergence on the daily MACD and classic bullish divergence on the daily RSI.
Stop = Under resistance
1st Target = 200 Day MA
2nd Target = Resistance / Mental resistance @ $10.
AXL looks to be oversold with an RSI of 40. The .5 fibonacci level (10.25) appears to be a reasonable support level since it was tested 3 times in the last 8 trading days.
Looking for it to hold 10.25. First target 11.05, 11.61
Looks like a clean S/R flip, also good uptrend, breakout with above avg volume, and nice consolidation back to the 20ema.
It looks like a nice spot to get in
Target is arguable :D
Hello !
Key points :
Breakaway gap
Breakout on high volume
First pullback
Volume sinks
The stock consolidates within an ascending triangle, it gets rejected from that significant confluence zone (circled on the left). It makes higher lows but not higher highs, buying pressure slowly builds up, people gain in confidence and are willing to pay higher...
Probably not the most popular ticker in the world but I am watching for a bullish continuation tomorrow with a lean towards the Open And Go, but possibly buying the dip if she tests the 100-15m-EMA which has been recently a common theme on her chart.
![AXL: AXL HOT [bto] JAN $19 C](https://s3.tradingview.com/g/GdZVsCZr_mid.png "AXL HOT [bto] JAN $19 C")
