COMM - Re-setup after 10 x ATR% from 50-MA pullback
$CommScope(COMM)$ - Re-setup after 10 x ATR% from 50-MA pullback
3 consecutive days of higher low price contraction within its rising 10 & 20-MA within 4 x ATR% from 50-MA, similar to mid-june action before high RVOL day trajected this to a 35% move in 5 days to 10 x ATR% from 50-MA. The difference is the price contraction comes with RS before the move.
The ideal scenario now is for further price contraction for RS improvement before any volumetric re-rally. Earnings report for COMM is on 7th Aug BMO.
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