Hi mates, have another nicelooking trading idea on NASDAQ:SRCL Now its perfectly sitting in demand zone at 65 - 67.60 The nearest target is in 72 - 74.60 Industial sector is one of strongest in recent days.
From a long term market cycle completion to the external forces of mass vaccination causing demand on the medical waste industry, Stericycle seems primed for a bull run through 2021.
Top (daily): SRCL since the March low, the stock has been consolidating in a wedge and has currently found support in an area that is the trifecta of the uptrend from March/$68 support level/lower wedge line. Specifically: -the uptrend remains in tact from March low -the $66-68 level has was twice tested as resistance and is now acting as support -tightening...
SRCL another ticker I believe will have a some decent moves despite it being back to precovid levels. The reason being is that once there is a vaccine. Just think of all the medical supplies that nurses and doctors need to use to administer the vaccine. Once a syringe and needle that is used in the injection will be put into the medical waste , which simply does...
SRCL vs SRCL/DJUSPC vs SRCL/SPX vs DJUSPC/SPX
This seems like a nice and quick swing on SRCL. There is a historical support at 70ish.
Trying to break the monthly downtrend , C&H formation , double bottom. RSI oversold. MACD turning bullish. Very good setup. Watching
Stericycle has been on a nice downtrend which looks finished here broke out of the wedge and bounced nicely off support with increasingly higher volumes, we have a flag in formation on breakout point, i will look to buy a break of the flag or if possible i will get in on a dip if flag comes down more
Nice going so far. Lets see if 200D is broken nicely and held.
Price surged strongly above US$81.71 with volumes. Target: US$90.41, US$96.77 Support: US$80.80