Seagate Technology Holdings PLC
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Trade ideas
STX set for a reversalWe are seeing a 5/15EMA cross occurring after the last session and would be interested in a potential bought call in this stock should we also see a last hour move above $16. the underlying could move quickly towards the $38 dollar mark if we see some buying pressure come in.
STX(Daily). Head and Shoulders top. (Retest) Head and Shoulders Top Pattern, Retested NeckLine.
Within DownTrend Channel, 100 sma resistance.
OBV at resistance.
VS S&P 500 breakDown, with bearish confirmation from 50- 200 sma.
STXH&S top and perhaps a rounding top as well. If price is breaking down from a Bear Pennant, much lower.
STXNo edge for me here. Even though Stoch and MACD are curling up, they could easily be doing do to allow room to the downside. For me, it's a box consolidation.
STX : Seagate Technology.Everything is diverging and the company seems to always go higher even with bad fundamentals. For me this was a bull trap.
STX sitting on support.STX sitting on support, and major trendline. IF broken, next support is around 40.
