With the housing boom going currently in the US, you would expect housing supplies and construction to do well.
Quanex is showing good momentum, and sitting on 21.66 which is the long term support line for many many years (just scroll back chart), it bounced up nicely on 21.66 recently and now seems to be consolidating under $25.
It should explode from here maybe long term potential target 31.50.
it is now sitting on 50% level retracement which is a very very positive sign for upward stock
Earning on March 8 which is incidentally 30 degrees from Feb 8, a turning point (Gann said 30 degrees is very important).
the stock reacted positively for the last few earnings, so maybe we will see a upward thrust priot to March 8.
Buy Call expiry March 19 maybe a good idea
Quanex is showing good momentum, and sitting on 21.66 which is the long term support line for many many years (just scroll back chart), it bounced up nicely on 21.66 recently and now seems to be consolidating under $25.
It should explode from here maybe long term potential target 31.50.
it is now sitting on 50% level retracement which is a very very positive sign for upward stock
Earning on March 8 which is incidentally 30 degrees from Feb 8, a turning point (Gann said 30 degrees is very important).
the stock reacted positively for the last few earnings, so maybe we will see a upward thrust priot to March 8.
Buy Call expiry March 19 maybe a good idea