Avnet uptrend retreat - Hammer @50sma
AVT has been in a consolidation pattern since July 10th, with a bull technicals behind.
Last candle today is a hammer. Showing buyer strength when price fell to $43.6.
Technical data
If we can continue above the SMA(50); that would confirm the trend.
**I recommend not buying until we see Monday sentiment after Trump's meeting with Xi.
Happy trading!
dorfmanmaster
Last candle today is a hammer. Showing buyer strength when price fell to $43.6.
Technical data
- Price just below SMA(50)
- Price just above SMA(200)
- RSI 56 trending higher
- OBV confirming trending higher
- Directional move index turned positive
If we can continue above the SMA(50); that would confirm the trend.
**I recommend not buying until we see Monday sentiment after Trump's meeting with Xi.
Happy trading!
dorfmanmaster
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.