Reasons for bullish bias: - Price gave resistance breakout - XABCD pattern - Playing DOW - No divergence Here are the recommended trading levels: Entry Level(CMP): 141.43 Stop Loss Level: 104.54 Take Profit Level 1: 178.32 Take Profit Level 2: Open
Axcelis Technologies Inc. produces components for the semiconductor industries. I assume the stock price will drop to $56.50. My trade levels Entry: $74.34 Take profit: $56.50 Stop loss: $80.32 Risk/reward: 2.98
Would like a pullback into the 50-day line to get long ACLS. Just had a beat and raise report and has ran up on huge volume since. The growth estimates are very good and the company operates in what may be the best area of the market, semiconductors.
Lots of interesting things happening here... 1) Ichimoku cloud on every time frame, from 30 min to weekly, showing green. 2) EW count shows what looks to be the start of a Wave 5. If we come down a bit and bounce from 37-38, that will be confirmation of W2 of W5. $38 is also the 21 EMA support. 3) The equal legs target of both W1 and W3 land at the 50% and 61.8%...
- 200 EMA just converged with the 50 EMA; and the stock is below both: bullish signal - Recently hit a support level at 20.43, 21.18 - Reversed it's trend and began trading within a new regression channel - A break of the current Fib/resist line at $23.02, could see higher highs Optimal Entry at support levels/ or a bounce of 21.71-21.81 level PT1: 27.26,...
RSI divergence is telling us there may be a retracement coming in the near future, so be careful adding a new bullish position. I'm long-term bullish on NASDAQ:ACLS , but a short-term short play might be wise. Strongest support is currently at $22.75, $22.00, and $20.50.
Entered at 23.30 on 6-6-17. Closed position at 25.60 on 6-8-17. Couldn't breach into upper quadrant on 6/9 and fell back into the lower. Another intersection coming early tomorrow. No position.