Take a look at the 1-year chart of ExOne (Nasdaq: XONE) below with my added notations:
For most of the year XONE has not been able to get out of its own way. A peak at $70 was followed by a low at almost $15. Along the way, the stock has created a very important price level at $25 (black). XONE has also tested the price of $20 (red) as support for the 2nd time in the last 3 weeks. At some point either the $25 or $20 level will have to break.
The Tale of the Tape: XONE has key levels to watch at $20 and $25. Long trades could be considered at $20 or on a break through $25. Short trades could be made at $25 or on a break below $20.
Please share this article
No comments:
Post a Comment