QualQuantTrade

QualQuantTrade

Strong breakout and close above triangle on high volume ---> likely to continue upward After closing out options, looking for re-entry 2 price targets identified from point and figure charts: 144 (short-term) and 209 (mid-long term) Entry point is at the 1hr support level around 114.98 (may go to 113 level but this seems less likely) Planned entry 114.98-115.15

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Current support/resistance and entry zone indicated.

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MU daily chart price action hints that an entry opportunity is coming, but chart is giving both bullish and bearish signals. Be prepared for entry in either direction.

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Trend line, rising supports and time offer evidence of how price action could proceed (240 minute chart).

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Breakout in 5 trading sessions or less.

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BOXL is nearing the end of accumulation range. Will likely test 1.86 support before showing a clear trend up.

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Continuous 6 week decline ---> oversold.

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It looks like a upside breakout is in store.

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Breakout to the upside anticipated sometime next week (around 5 trading days or less)

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Based on bar chart analysis.

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Entering Phase E (mark-up phase w/clear trend).

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Upward breakout of a symmetrical triangle by tomorrow morning's session.

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Vertical count method for determining minimum price targets. Mid-term.

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Based on horizontal and vertical count methods. Represents next continuous rise until a consolidation period.

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The range is wide so may take some time to breakout.

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Let's see what happens next.

QualQuantTrade

IDEX looks like it's bottomed out although still in the accumulation phase. Expect testing to flush out the weak hands before upside trend begins. Wyckoff based zone to begin establishing a position is indicated on the chart.

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I anticipate an upward breakout out of the trading range because: -price increases with higher volume and decreases on lighter volume -higher support level as range develops -larger trend is up for the market Buy zone in the area of the new support level or following breakout and close above the range. I'd hold for a few months to a year.