ADVM Showing Strong Momentum Price recently broke out of 10 month triangle formation. I am looking at price support atop breakout level @16.25 and the accelerating divergence of the 50 MA and 200 MA without the two ever crossing. On Balance Volume appears to be primed for a move higher without pulling back to 100 EMA and the MACD appears to me to be primed for a reacceleration as well, which conveys continuation higher will come with high momentum and a large and fast move could be upon us. Holding the breakout level at 16.25 is critical to bull thesis, prior gap fill to $28.50 is certainly possible, $26 seems reasonable. I am looking to enter full position at 20.50, which was the close of the long upper wick candle May 6.
