ADTN Breakout has not occured yet but for upward breakout, target price is 17.31 and downward breakout's target price is 12.44. Currently, it looks to be best setup for an upward breakout. Swing traders can short now if they want the intraformation trade and buy when it shows the reversal. thepatternsite.com thepatternsite.com
Possible Short to $17.74 (At major long term level of R/S) if breaks up will continue up to $22.99
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ADTN Daily chart is showing a squeeze right before earnings on July 7th...any thoughts from my more experienced brethren on which way it will break?
ADTN could fill some gaps, once it works off it's overbought condition.
This stock ha been pummeled for months, and now put buyers feel that it has farther to fall.