WE GOT A 5/5 TRADE SETUP ON MBLY. LARGE MOVE INCOMING!
MBLY 🖐️WE GOT A 5/5 TRADE SETUP ON MOBILEYE.
My trading strategy consists of 5 Indicators:
1.) A clear and clean Charting pattern setup.
✔️For this chart that is a symmetrical pattern.
2.) A Volume Gap to fill and strong buying area.
✔️ Clearly sitting on a large "Volume shelf" - JW
3.) The MACD up trending. Crossing Zero line=Bullish
✔️ We are indeed up trending and a Zero line crossing is imminent for this chart.
4.) Stochastic rising and making higher lows.
✔️ Up trending and just crossed the middle RSI band. Higher lows are being made on this chart.
5.) Weekly Stochastic Up Trend. Most bullish once it crosses up through lower band or down through upper band.
✔️ Clearly had a red through yellow flip and are up trending on this charts stochastic heading toward Lower band.
Bonus: We are staying above the 50MA and about to have the 25MA cross upward through the 50MA as well (BULLISH Signal). Finally, I've been following this stock for awhile now and every market open we get a massive amount of short volume in order to try and drive down the stock and get the 20% of shareholders who aren't
INTC to sell them their shares for them to cover at lower prices. I hope you enjoyed it!
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Ever hear of a sympathy play? It's when other companies in a similar sector run hot because another company reported great earnings or news that could be bullish for the whole sector. I.e. TESLA's great earnings throw a rope and pull along other beat up EV and Autonomous vehicle names. MBLY is going higher and will short squeeze soon! 
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