Stock Analysis:- Today’s 23 July 2024 Best Swing Stock for Next Week is AZENTA, INC (AZTA).
Trade Details:–
- Date: Monday, July 22, 2024
- Closing Price: $57.77
On the weekly time frame, AZENTA, INC is trading in a buy trend, continuously creating higher highs (HH) and higher lows (HL) on the chart. The stock price has reversed from a major support level and is currently within an rising wedge pattern. Additionally, there is an incomplete harmonic bat pattern on the chart, which is expected to complete in the coming weeks. The stock price’s first target will be the minor resistance zone on the upper side, followed by the previous high swing.
Note: (Risk not more than 1% per trade of your capital) If the price breaks below and closes below the $42 level, this buy setup is invalid.
Buy Swing Trade Ideas:-
Entry Price Range: $53-$57
Stop Loss (SL) Price: $42
Target 1: $70
Target 2: $80
Note: Keep trailing your stop loss to secure bigger profits.
Please note this is only an opinion and not financial advice.
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