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Strategies & Market Trends : Underexposed Technical Analysis
AQN 5.560-0.4%9:30 AM EST

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To: Underexposed who wrote (887)3/25/2021 8:53:03 PM
From: Underexposed  Read Replies (1) of 914
 
Update on Brooks -PRI Automation Inc, [BRKS:NASD] for Bob Furman


The market is generally down so lets look at BRKS



Well it does not look good. Since we last looked at this stock it has fallen back to its support. Not only has it fallen back it also briefly breached that support to eventually rise above it and close.

When you look at the indices the Slow Sto and MACD has plummeted to low levels with no sign of a turn around. The BBWidth TRIGGER has not been pulled but I think it is going to happen any day now.

If it does fall, I don't see another obvious support line....it could fall as low as $50.

The warning is pretty loud right now...it could bounce off that current support but I would say there is less than a 20% chance of that

I took a look at the Ichimoku chart and here it is



This loudly calls for BEAR.

We have dropped below the Green cloud...the lower edge of which is now a resistance line. Of the 3 indicators (not related to the main chart) ...the On Bal Volume is neutral but the other 2 are bear.

I think this is the final warning before a major drop.

UE
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