After a strong uptrend, this stock may form a cup and handle.
At a price above 53$ it becomes very interesting.
Maybe before the breakout about 53$ the stock forms a bullish flag.
I will monitore this.
Ascending Triangle, awaiting confirmation (48%)
Pros:
Descending volume during formation
Volume at break out
PPS above 50MA and 200MA
RS above 0 and ascending
R/R ratio above 12, high
ATR ascending
250RSI above 50
200MA ascending
Target:
PT = 59.26$
Help how ever you can to keep this alive.
Thank you to those who have donated Coins!
Always do you own Due...
Adient announces strategic transformation in China
- Company enters into agreement with joint venture partner Yanfeng to end its YFAS joint venture
- Transactions provide Adient opportunity to independently drive its strategy in China
- After-tax proceeds of ~$1.4B, combined with existing cash on the balance sheet, are expected to drive significant debt paydown...
Saw this based on volume and pattern in Finviz. To me it looked good. MAs are near price in consolidation and it is showing signs of imminent breakout. Other than that, earnings are good last quarter.
Bought mid-day on levels of support intraday.
Patter: Reverse H&S
Buy: 37.05 - 37.10
Stop: 34.80 - 34.40
TPs (Price based) : 44, 50
Trail: 20MA and 50MA at 30min...
Hey traders, ADIENT PLC is in a bullish push with high volume traded chat and a leggy doji. In the TMEFRAME M1 we can see a dash with a low buy volume emitted it goes in the direction to test the highest of the bollinger. And leave to go to the top of the equilibrium zone for a possible test of it. Great likelihood of breaking out the price with the Momentum then...
after 2 years of consolidation this chart finally broke out during a pandemic, great job if you bought the clear breakout, id take profits here and look for a dip buy at 25-30 in the near future. goodluck :)
ADNT Ascending Triangle - On the watch list. Looking for a 3% breakout of the pattern boundary which gives me an entry price of $26.69 and a measured pattern price target of $35.98
bears also have some good opportunities like this beauty. It is hard to short when general market is moving up, and may make short moves to not last a lot.
ADNT - automotive spare parts industry.
the stock hasn't been at its best for a long time, reports are not good and fell by 23% last month.
moving average 20 follows it on its way down and it seems that the downward trend is not going to change anytime soon.
below 22.5, i will examine the short entry.
While tracking a break of a critical level of volume
Adient plc manufactures automotive seating systems. The firm's products include complete seats, commercial vehicle seats, structures and mechanisms, foam, fabrics, and trim. It operates through the following geographical segments: Americas, EMEA and Asia. The company was founded in 1985 and is headquartered in Plymouth, MI.
NYSE
