STX: Trendline Support + New Momentum — Watch 280 Breakout

4 giorni fa

Hello Everyone , Followers,

This is the last one from my side for this Year :)

🟦 Technical Overview
STX - Seagate Technology has been one of the cleanest technical structures recently:

🔹 1. Trendline Worked Again
Price bounced multiple times on the rising trendline—classic higher-low structure.
Every dip toward this line was bought aggressively.

🔹 2. All MAs Supporting the Move
STX is trading above all major moving averages, including:

20 SMA
50 SMA
100 SMA
200 SMA

This is textbook bullish alignment.

🔹 3. Trading Near Resistance
Price is retesting the 279.75
A daily close above this level can open the next move toward:

296
307

🔹 4. Volume Improving
We’ve seen renewed buying volume near support levels, confirming accumulation.

🔮 Outlook
STX looks positioned for a breakout continuation.
Above 280, momentum could accelerate toward 296–300.

If markets weaken, the orange zones become crucial support:

233
209

📝 My Plan
I watch for:
Break and hold above 280 → bullish
Pullbacks to trendline or 258–260 Fib area → potential entries
Avoiding positions below 233 (major structural support)

Have a lovelly Sunday to all and Happy new Year in Advance. See you next Year
#STX #NASDAQ #SPX500

9 ore fa

Trade attivo

Broke the 296 , it is important to close over this level but probably it will do. Momentum is bullish and gave us good gain ;)