Is $EXTR ready for the next move higher?

18 ม.ค. 2023

Notes:
* Strong up trend
* Great earnings QoQ
* Basing for the past ~8 weeks
* Pulled back to its 50 day line and found support around the 18.17 area
* Now coming up on the right side of its base with higher than average volume
* Offering an early entry
* Printed a Pocket Pivot, indicating institutional demand

Technicals:
Sector: Technology - Communication Equipment
Relative Strength vs. Sector: 5.94
Relative Strength vs. SP500: 5.88
U/D Ratio: 0.97
Base Depth: 15.74%
Distance from breakout buy point: -5.99%
Volume 88.56% above its 15 day avg.

Trade Idea:
* Now's a great time to enter as it's just coming off of its 50 day line and also printed a pocket pivot.
* Based on its prior performance, EXTR can go another ~17.6% from here.
* If you're looking for a better entry you may be able to catch one around 19.3