Shoplifting is a serious issue that major US retailers need to contend with. ADT Inc. (NYSE: ADT) is likely to become a notable solution for this crisis since its security systems are custom-made to suit a variety of industries, which makes it suitable for combating shoplifting at major retail locations. ADT’s litany of services and products provide tailored...
What we can see on the chart is a rising wedge pattern. The price did not break out of the pattern yet.
We are expecting that the price will break down and continue the previous downtrend.
The stochastic shows us that the price is overbought but it is not pointing downwards yet.
How to trade:
Enter the short position only if/when the price breaks down out of...
ADT is in an uptrend since July 2022 and is set to touch the 200 EMA. Earnings are coming up on Feb. 28, 2023. The forecast value is set for $10.20 and as high as $13.65. It is currently in a short downtrend but, still has room to improve.
ADT Inc. provides security, automation, and smart home solutions to consumer and business customers in the United States. It provides a range of fire detection, fire suppression, video surveillance, and access control systems to residential, commercial, and multi-site customers. The company primarily offers monitored security and automation solutions, including...
This looks like a low risk setup and entry point for a long position after making a double bottom at the $7.90 level. The most recent candle tested the .61 fibonacci level and closed just under it. It also tested the longer term support/resistance level of $8.58.
After consolidating in the $8 range for about a month this looks like it's ready to start advancing...
I just made this trade myself 📊
If you think it look interesting , then remember to do your own reseach ..
its good to look, but remember to double check if it suits your trading 🙏
This easily could keep going after a nice run, but it would be the third and final move upward before a corrective sequence reversing some of these gains (per theory at least).
Thus far it's a believable long but everyone's attention and the trigger will be ready as ADT opens Monday AM looking to keep going past 10.2; it has tested and failed this benchmark, but...
After 2 resistance-ling breaking attempts in the past 6 months, the third attempt is now happening, with good volume and good support base.
Long position for after 10.30
Also can be short position with Stop -loss at at 10.35, leaves it very tight stop, with a wonderful profit:loss ratio.
Description: ADT is trending higher and in an uptrend meaning that highs are getting higher and lows are getting higher. The uptrend line on the chart and the Trending Band Indicator (which measures trend) supports the Long Position.
Stats:
1. Ideal buy range: $9.8 - $10.3
2. Take profit: $12.62
3. Stop Loss: $9.68
4. Risk To Reward: 1 / 5
5. Accuracy Rating: 92%
Only here cause WeBull gave me these free. Been steadily going up step by step since begining of March. Currently riding the uptrend and touching the resistance . Wait for breakout and retest for a long. Remember To set TP and SL.
