ADTN is approaching my buy zone between $4.79 and $5.13 near historic lows. There are four key price targets on the way up, and the highest price target gives a potential ROI of around 680% if ADTN is able to return back to previous all time highs. There are some financial risks and concerns surrounding ADTN so I recommend reading articles to better understand the...
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...
ADTN broke through moderate resistance to confirm a completion of its short-term bottom formation. ADTN has a previous all-time high of approximately $47.00. Profit-taking is likely as it nears the resistance from the lows of the prior sideways pattern above the current price.
ADTN Breakout has not occured yet but for upward breakout, target price is 17.31 and downward breakout's target price is 12.44. Currently, it looks to be best setup for an upward breakout. Swing traders can short now if they want the intraformation trade and buy when it shows the reversal. thepatternsite.com thepatternsite.com
ADTN Daily chart is showing a squeeze right before earnings on July 7th...any thoughts from my more experienced brethren on which way it will break?