D1 - Price moving inside a channel and currently at the bottom of this channel. We have double wave inside the cycle which has now reached the bottom of the channel. Now we want to look for confirmations of bullish reversal.
H4 - Price bounced from the magnet zone and also we have bullish divergence.
H1 - We have two waves down, we can go long with the...
On Motorola, This is the last area for price to bounce from for the uptrend to hold. If we see a break/ close below 84.00 zone then price will be in a new downtrend. If price can close above 86. then I think we could see a retest of the highs at 92. but as of right now the Trend is up on the the daily timeframe still.
After a protracted upturn, Motorola Solutions Inc. shares abruptly stalled, shifting to a long-term horizontal movement within the USD 58.77 – USD 67.50 band. As part of this flat trend the latest pattern is a diamond. Triangles, in line with the Elliott Wave Theory, are usually the last patterns in corrective two and three patterns. Consequently, the name can be...
December 17-18 gap is closed, and like I thought it bounced right back. The heavy selling seemed to be sparked by macro sales, but not a lot else changed in this company since.
Both accumulation and price have found support and seem to be reversing, but I would watch for a break below these levels just incase there's more to this picture than we've been hearing....
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