- Price breaking out of a consolidation period and short-term downtrend.
- Targeting $40 then $44
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
@avi417 Per your request, Avid looks like it wants to fill the gap it left from the beginning of AUG.
No trade for me here, but a break out of the resistance level $31 would have my interest with the volume pocket above. similar to June's price action, would want to see some consolidation then a strong break of $31 to imply a move up to $36 and close the gap....
Over the last 4 quarters AVID has beat EPS estimates every single time. AVID shares have added about 130%+ since the beginning of this year and quarterly revenue was up by 20 million more than estimated. The main reason for the recent sell off was the slowing of subscription based plans that were up massively in the first quarter of this year. This was expected,...
Today was the first time in a long time (probably 2 months ago), as reported by @Fredbenz0 , that AVID caught some unusual action on the 35c expiring August 20th. Even though it seems like the OI flipped on these 200 sized blocks, the bullish action is not far away from what this long set-up is about to give us. It seems that a period of consolidation will follow...
AVID continued it's trend higher today putting in a higher high in the last 52 weeks, fast approaching an important level put in years ago. The 1.618 fib level matches that level of resistance and should slow down once it reached that target, allowing indicators to cool off. The second important level above is 48. I would like to see those lower 30s hold in order...
NASDAQ:AVID
Hi traders!
Today, in addition to the ESTE paper we talked about yesterday, there is another stock that should do well today. AVID: AVID TECHNOLOGY INC.
Which is on the chart:
1. Strong level formed by a rollback in a downtrend
2. Far retest
3. Strong rebound movement on higher timeframes.
Strategy:
Going short on a breakdown of the 29.91...
NASDAQ:AVID
Hi traders!
Today, in addition to the ESTE paper we talked about yesterday, there is another stock that should do well today.
AVID: AVID TECHNOLOGY INC.
What's on the chart:
1. level formed by a rollback in a downtrend
2. Far retest
3. Strong rebound movement on higher timeframes.
Strategy:
Going short on a breakdown of the 29.91...
AVID is at the breakout level from 2008's highs, ready to test the waters above. Some important price levels above that will have to be reached in order to continue higher towards all time highs. This impulsive move from earnings calls for a decent pull-back before continuing higher. If there's a re-test of the previous weekly highs at 24, then they should hold in...
A symmetrical triangle can break to the upside or the downside. It is a neutral pattern until the top or bottom trendline is broken with conviction. It is a pattern of consolidation and continuation.
Price moves between 2 converging trendlines. Since price is being "squeezed" in to the apex of the triangle, it should eventually break one way or the other. The...
$AVID formed a broadening wedge holding support area through last week. A rally can start any day now. Look for the price action on this one.
Short Term Target: 24
Short Term Target 2: 30
Those two anchored VWAPs are telling us many things. Supply acting like a magnet now that a 5 wave to the upside has been completed and we've begun a retrace from that. Last week's tick touched the golden ratio at .618. On the daily, the candle looks more like a hammer. The weekly could do with another bullish set of days to clear the short term cloud EMA and use...
AVID: digital workstation developer, recording and monitoring board manufacturer, cloud services provider, one of my favourite companies. It has found itself in a very positive situation with COVID. Decent amount of cashflow, more people working from home: meaning more people also recording from home. The monthly subscription to their Pro Tools software couldn't...
Its been overbought weekly and daily, nice rally but probably ready to go back to 5$ again
Recession is coming and Avid wont go against the wind.
when you dont look at it this way it seems to want to go to the moon sometimes
but really it follow that gigantic down fork since forever.
