OK. So these are purely automatically algo screened stocks. I've numbered them based on my personal pick for best performers out of this motley crew. I have done zero research into these stocks. So I will NOT be buying any. The only reason I'm posting this is for you to see my algo revision process. This is version alpha. Maybe not even that. Its a very rough draft.
$AUDC had a lot of buyers and worth to watch for a breakout. 12 months Consensus Price Target: $36.67 if you find my charts useful, please leave me "like" or "comment". Please don't trade according to the ideas, rely on your own knowledge. Thx
Idea to buy NASDAQ:AUDC at 35.5$ per share after the price drop down to 35$ . The price reach the 100MA line(purple) and Fibonacci 50% . This is the time to buy when the stochastic is "Oversold" at 1H chart. Prepare to take profit at 42$ not in one shot, but in two or three levels.
#AUDC broke out $28.26 cup w handle and now it is coming for back testing.
AUDC has similar technical patterns to AMD and other semiconductor stocks. The activity has pre HFT setups. Pro traders are in the mix. HFTs tend to gap and run the stock upward. Candlestick patterns and volume reveal pro traders and HFTs.
I am slight bullish as long as 0.985 zone. However, If it breaks I will take a short upon retrace would expect it to visit 0.96 Key Support - 0.985 Key Resistance - 1
Current Trend is upward, losing momentum, so likely the price will not beat previous high and will form a Head and Shoulders pattern. After which the long term downtrend is likely to begin a 2-4 weeks from now. Fundamentals are improving quarter over quarter and year over year so medium-term uptrend continuation is most likely for now.