Introduction Alteryx "AYX" is another tech software stock that has been on fire after the initial market dip from Covid-19. The company’s primary focus is enterprise-grade Analytic Process Automation (APA) platform and accomplishes this feat extremely well. I have had the opportunity to try a demo when looking for data analysis software for my organization. The...
Double top on rsi. 100,20 200 and 50SMA are the supports. If it breaks all down, it may touch the bottom trendline of the channel. For bullish action, it needs to break rsi resistance if you find my charts useful, please leave me a"Like"
AYX: retook a long position on today's dip. Best bears may get is 150
AYX; an opportunity to enter in the 140's here would be very much appreciated.
Looking for rejection on the daily chart, will watch closely and look for an entry to put position.
AYX Pure strength. As you can see from the chart, AYX is in the process of breaking out of its lifetime channel resistance. If this is able to hold the breakout this week, the sky is the limit for this thing. No overhead resistance, so only psychological resistances to worry about technically. Usually those come in numbers divisible by 5, so likely looking at 150...
I like the RSI on this high flyer because it's flagging against resistance so I think that precedes a breakout. I'll be watching the weekly candlesticks for an exit but looking for a quick pop then I'll probably exit, hopefully with around 10% gains or so.
Another wedge found. Watch for break. Set tight stops, half position added.