Auto Parts Company Pose for a Short Term Burst?** Comments and Likes are appreciated; New Subscribers are Excellent! **
What I see...
+ Downward trend leading to a spike 2w ag as a result of earnings
+ Vol. and Price spiked, pushing RSI into overbought territory and since pulled back significantly
+ MACD is bullish
+ Side way move in the past week or so with descending vol.
+ Double NR7 bars on very low vol.
+ -1d bar was double NR7 and NR3 combo
+ Today's bar was of higher vol. and closed above 200 MA with 10MA providing support
- 10MA not breaching in the body
- Bollinger beginning to widen
- A few possible resistance levels along the way to Target
What I setup...
+ Long entry above today's high
- Stop at mid-$5
+ Target at just under $10
Duration: 4-8 days
