AVTR trade ideas
AVTR Forming #Rectangle #ChartPattern W/ Possible ATH #Breakout Plenty of good looking setups out there you just need to find them. Well defined 2 and a half months consolidation in the form of a rectangle #chartpattern. The stock will be trading at all time highs (ATH) if it breaks out to the upside. #ClassicalCharting, #KeepItSimple
BUY to AVANTOR at market openning DailyHello traders, AVANTOR is in a downward push, low sales volume he may seek to pull back on the Fibonacci to go up to land on his previous higher if the buyers give themselves their means.
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AVTR Broke Below Support, Entering a Large VoidAVTR broke through current support level after a double top. Now it has a large void below until next support.
$AVTR can rise in the next daysContextual immersion trading strategy idea.
Avantor manufactures, distributes, and sells products and services to customers in the biopharma, healthcare, education and government, and advanced technologies and applied materials industries.
The share price rose after good earnings. I see some preconditions the share price will continue growing.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $16,91;
stop-loss — $16,44.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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Its all about the end of the lock up of for $AVTRTons of debt coming due. Lock up expiration. 17 analysts love the stock, only problem since those same analysts own or would recommend the stock, it means ... To me sell short.
I'm seeing a decline in price to the $11.50 a share region.
Just my thoughts.
