#AUDC broke out $28.26 cup w handle and now it is coming for back testing.
Looking at the year 2020. I had a difficult finding a handful of stocks that meet my requirements. In the search, I found one company called Audiocodes (stock symbol: AUDC). Fundamentally, this is a healthy company that I like. It not only specializes in VOIP, data networking products and appliances; but, they also have a good balance sheet, a stable growth rate...
Le titre a essayer de dépasser le HH, mais na pas été capable d aller plus haut !
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.
AUDC another interesting company in the UC space breaking out from a technical perspective but fundamentally like ATGN better
Or are we going to pull a reversal and fall into the $4-6 range by 2020?
Nice wedge pattern. Watch for a break out in either direction
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.