ADNT: Medium Term Play
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 chart (if too fast)
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 chart (if too fast)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.