


symmetryfx
Structure. Keep an eye on the resistance from the ascending channel formed on the Weekly timeframe.
Break of Descending TL on 4H, Bullish EMA's, Price structure reversal, HH/HL's, Strong break above 38.2 fib
- Bullish trending price structure on Weekly / Monthly timeframes - Recent Breakout of price on the Weekly / Monthly timeframes - 20 >50 >200 on Daily EMA's - Price has broken downward trend line on the Daily timeframe is reversing to break past support turned resistance to continue the bullish trending price action
Technical: - Price pushing off of resistance turned support - Break and successful retest of downward trend line - Tweezer bottom (bullish reversal) candlestick pattern - Price structure transitioning from bearish trending (HL/LL's) to bullish trending (HH/LH's) - 50 > 200 EMA - MACD is on the verge of crossing over in a bullish manner - 2 to 1 risk/reward on...
Technical: - 50 >200 EMA's on the Weekly and Daily - Price structure is bullish on the Weekly - Oversold Daily RSI: 22.67 - MACD is bullish trending on the Weekly - 3.42 Risk / Reward on the trade Fundamental: - Future earnings growth is positive - 1.76 PEG - Analyst Mean Target Price = $95.57 - Senate / Drug Pricing Pressure may have an effect on this Stock...