AADI has earnings in two day. On the 30 minute chart, it is significantly below the highs of May and June where it was in a wide ranged consolidation. After that in July price trended down along the support of the second lower VWAP line into a reversal on August 1 shich also ascended the VWAP lines. Upcoming earnings are in two days on the 9th. Prior two...
Trade levels are: Entry price: $12.53 Take profit: $14.04 Stop loss: $11.96 Risk/reward: 2,65
potentially a double bottom where we could bounce in one of the 2 areas - i would like to see bull divergence and accumulation before going long Projection of this target as shown.
As you can see, $AADI hit on the Support line at 18.62. I set my Targets at: 21.64 25.78 27.80 and expect a gain around 50%.
As you can see, $AADI is in a down Channel. As I said before, we bounce off the channel down resistance line and will most likely touch the support line, after which we can definitely expect a breakout from the channel down. However, I am not sure if we will bounce off Resistance Line 2 or expect a rallye. We'll see what next week brings! Full Alerts on Dc Thies # 9699