An intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
AUDC has similar technical patterns to AMD and other semiconductor stocks. The activity has pre HFT setups. Pro traders are in the mix. HFTs tend to gap and run the stock upward. Candlestick patterns and volume reveal pro traders and HFTs.
Current Trend is upward, losing momentum, so likely the price will not beat previous high and will form a Head and Shoulders pattern. After which the long term downtrend is likely to begin a 2-4 weeks from now.
Fundamentals are improving quarter over quarter and year over year so medium-term uptrend continuation is most likely for now.