Quick move?
AYX just beat on everything except for it's EPS guidance for Q1. Clean cup and handle set up. Sitting in the consolidation faze. Would look for a clean break and retest of the 147.95 previous highs during trading today to enter long. Then a quick pop up to around 154-155. A successful breakout of the white trend and AYX could be heading for $200. For now, it's important to take a look at how TTD is trading:
Similar setup, both cloud names. TTD broke out to all time highs, but has continued to respect the upper resistance of the rising wedge. A similar setup could be entailing here for AYX. A logical one as well, as typically, the break is always retested before a move higher here. Strong point of confluence here around Feb. 25-26 at around 147.50-148.
Just bear in mind, rising wedges are typically bearish. If the wedge breaks to the downside below current ATH's, there isn't much support until down around 120. No telling when the wedge breaks though, it can remain range bound all the way up to around the mid 160's here.
*ALWAYS do your own trade analysis, glta*
Similar setup, both cloud names. TTD broke out to all time highs, but has continued to respect the upper resistance of the rising wedge. A similar setup could be entailing here for AYX. A logical one as well, as typically, the break is always retested before a move higher here. Strong point of confluence here around Feb. 25-26 at around 147.50-148.
Just bear in mind, rising wedges are typically bearish. If the wedge breaks to the downside below current ATH's, there isn't much support until down around 120. No telling when the wedge breaks though, it can remain range bound all the way up to around the mid 160's here.
*ALWAYS do your own trade analysis, glta*
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