weekly chart....price action in recent weeks has broken the long-term downtrend line
$8 and just above is a horizontal area of interest..today's high so far is $8.18.
earnings are Feb 27th
daily chart -
AKZOY long remains open.
looking for an exit target.
buying and selling has been the way to play this one since the early '90's when I first started trading it.
AKZOY reports on Feb 15th -
chart from Sept 2006 shown below that shows my initial long entry signals, prior to the gap down in October...the Oct lows held at the 40-week sma and horizontal support.
PnF chart price objective is $64....sell now and buy pullbacks if any before Feb 15th earnings, or hold thru earnings and sit through the chop that develops prior?
PnF chart shows that demand remains in control for now, and recent price action is lacking the customary minimum 3-box consolidation reversal -
Sept 2006 chart prior to the Oct. bearish gap -