ADOM closed up on Friday 05/18/2018 $1.12 and after hours at $1.21.
Closed strong crossing over the 50 moving average of $0.92 giving it a better indication of a possible new uptrend to be established.
Strong ADX over 30 with DMI + over 50 and DMI- over 13 making it also another indication that the bulls are currently pushing this stock forward. Would like to see this move up more to establish a continuation in the trend. However looks good for a swing with new orders $6.5 M by BlueBird for electric school bus drive train systems.
If you are looking to enter this key price levels are
Entry/ Support 0.35/0.6/0.75 Pivot is 1.01 resistance is 1.39/1.67/2.05/2.11.
I would enter around 1.01 to 1.19 with a wide entry range I would keep stop loss 10 cents under my bid.
Closed strong crossing over the 50 moving average of $0.92 giving it a better indication of a possible new uptrend to be established.
Strong ADX over 30 with DMI + over 50 and DMI- over 13 making it also another indication that the bulls are currently pushing this stock forward. Would like to see this move up more to establish a continuation in the trend. However looks good for a swing with new orders $6.5 M by BlueBird for electric school bus drive train systems.
If you are looking to enter this key price levels are
Entry/ Support 0.35/0.6/0.75 Pivot is 1.01 resistance is 1.39/1.67/2.05/2.11.
I would enter around 1.01 to 1.19 with a wide entry range I would keep stop loss 10 cents under my bid.