ADTN - Pullback - short
ADTRAN Holdings, Inc. stock shows to be oversold on the stochastic oscillator (over 90). Moreover, We notice the presence of a bearish pin bar that is way above the Bollinger band of EMA as well as the 20 ema lagging far behind. Therefore, we anticipate that price will drop in retracement down until a potential resistance level in yellow.
Entry, stop loss... are shown in chart.
Entry, stop loss... are shown in chart.
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