STRT - falling wedgeOn this chart we can see a falling wedge pattern.
The RSI and Stochastics are both showing signs of oversold conditions.
Enter the long position once the price breaks out of the pattern.
Target is shown on the chart.
STRT trade ideas
STRT | Lovely Gem | Oversold | LongStrattec Security Corporation designs, develops, manufactures, and markets automotive access control products under the VAST Automotive Group brand primarily in North America. The company offers mechanical and electronically enhanced locks and keys, passive entry passive start systems, steering column and instrument panel ignition lock housings, latches, power sliding side door systems, power tailgate and lift gate systems, power deck lid systems, door handles, and related products. It also provides full service and aftermarket support services for its products. The company markets its products to automotive and light truck original equipment manufacturers, as well as other transportation-related manufacturers; and through wholesale distributors, other marketers, and users of component parts, as well as certain products to non-automotive commercial customers. It also exports its products to Europe, South America, Korea, China, and India. Strattec Security Corporation was founded in 1908 and is headquartered in Milwaukee, Wisconsin.
STRT - one to watchIm not bullish on this yet
But lets watch for a sustained break of this down trend - it could start today IF the price holds and volume picks up
