Largo
AXDX wedge consolidation, EMA/VWAP support
EMA: 5 (orange), 20 (blue), 50 (purple), 200 (dotted)
I am looking for AXDX to breakout of wedge consolidation above the $10 level. The $10 level is the top of the wedge and the VWAP from the February high and should be the final hurdle before a move to the upside. The stock is trading at the VWAP from the April 30th peak and above the VWAP from the March low. Price has found 20 EMA support with 6 consecutive closes above the 20 EMA and I anticipate the upward curling 5 day EMA will begin to push price through remaining resistance.
I am looking for AXDX to breakout of wedge consolidation above the $10 level. The $10 level is the top of the wedge and the VWAP from the February high and should be the final hurdle before a move to the upside. The stock is trading at the VWAP from the April 30th peak and above the VWAP from the March low. Price has found 20 EMA support with 6 consecutive closes above the 20 EMA and I anticipate the upward curling 5 day EMA will begin to push price through remaining resistance.
Nota
Having a nice run here
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.