AUVINice gap this morning and a nice multi-month breakout lined up with a multi-month trend break too. This has the potential to be a really nice bounce off this area of support. Gotta see if the news holds the stock up enough for some buyers to come in. Entry plan on this would be on a bid prop out of the open or ideally out of some form of consolidation. But definitely nice daily chart potential for a bounce to $13-$15+
AUVI
AUVIApplied UV Inc (NASDAQ:AUVI) with such a great trading day and news, this stock should be closely watched next week. I think there is a good chance for further gains as this stock went from much lower prices, 5 to $35.78 just last month. Could we see that type of rally again? That is the best thing about this market, anything is possible. Yesterday, SteriLumen tweeted that the LEDs in their devices have been proven to kill Coronavirus in seconds. That's a remarkable argument in pandemic times, which could easily boost its sales. From a technical standpoint, the stock has been consolidating within a falling wedge pattern on H2 that has bullish implications. A breakout is needed to end this large consolidation and resume the uptrend. At this point I'm inclined to mark a key resistance zone around 9.5- 9.75. A move above this area, would break the upper trendline and the resistance zone. If a breakout occurs, we could see an acceleration of the bullish momentum and move toward the 13.75-15 area. Technical indicators are looking bullish, MACD and RSI are showing upward momentum. Now add the bottom play factor along with Yesterday's positive tweet and the potential upwards move gets a little more believable. I doubled my long position before the close.
AUVI Technical Analysis 🧙Applied UV Inc is engaged in manufacturing and supplying custom designed decorative framed mirrors, framed art, and bathroom vanities to the hospitality market. The company also develops, designs and manufactures disinfection systems, that eliminate pathogens that may cause healthcare-acquired infections, for distribution and sale to facilities that have high customer or patient turnover such as medical, hospitality and commercial offices and other facilities. Its segments are the design, manufacture, assembly and distribution of automated disinfecting mirror systems for use in hospitals and other healthcare facilities (disinfectant mirror segment) and the manufacture of fine mirrors specifically for the hospitality industry (hospitality segment).
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