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$AQUA with the trifecta: price, volume & relative strength
Long
$AQUA with the trifecta: price, volume & relative strength
By dpuleo19
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Updated
May 3, 2023
3
Apr 13, 2023
The price has formed a head and shoulders pattern and now I'm waiting for the follow through above $50.
The OBV and the RS ratio vs the S&P 500 are near new highs confirming the strength in price action.
Still, I'll wait for the breakout to buy with a price target at
6
62
for a +25% profit.
You can see that I was stopped out on MARCH 2022, can you imagine if I hadn't use a stop loss? More than a year with dead money.
I good to see other leaders within the industry like
TAYD
,
SXI
,
GHM
&
SYM
are also trending higher, this gives support to NYSE:AQUA.
This is a market of stocks, not a stock market!
May 3, 2023
Note
Price near the pivot buy but I don't like the bearish divergence with the RSI
breakout
Chart Patterns
head_and_shoulder
Technical Indicators
industrials
machinery
Trend Analysis
uptrend
dpuleo19
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Is a market of stocks, not a stock market?
by dpuleo19
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