AXTA has formed a large head and shoulders inverted pattern on this daily timeframe I expect a breakout of the little channel drawn in green to the upside and completion of the head and shoulders This is a common reversal pattern
Found this play off Warren Buffets play list. Looked juicy here. It is repeating a move that pops upwards in a huge way in previous moves that shared the same KeyCode as this one. I found about 3-4 and all popped upwards. I made a key code of the price action then found an exact match to this move in the past.... one that matched at lease 95% or better. That...
AXTA seems breaking down forming a downward head & shoulder pattern. It has massive insider selling. Breaking below 25.87 will be continuation of head & shoulder. & the formation can take it down to 24 area. On the option side we are looking for $26 January Puts $1.26 You can check our detailed analysis on AXTA in the trading room/ Executive summary link...
AXTA in our watch list for short. Huge insider selling & overall technical weakness makes it perfect for short. We think it can decline as low as 21 & break of 28 will be good entry point. However we like to watch it few more days before we get in. "You can check our detailed analysis on AXTA in the trading room/ Executive summery link...