Avnet, Inc.Long
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
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.