Price reclaiming both the 50-SMA (8.16) and 200-SMA (8.15) shifts the intermediate structure constructive, and the near-flat separation of those averages signals a trend reset rather than a decisive breakout. RSI at 52.58 is neutral-with-upward-bias, leaving room to run before overbought conditions. MACD at -0.21 has just nosed above its signal at -0.22, a nascent bullish cross that still needs to cross zero to confirm momentum. Trade-quality 79.7 and inflection score 62.1 support a long lean, but the thin 1.93% cushion above the 200-SMA keeps risk tight.
Wednesday Playbook — Top 5 Setups
The day's five highest-conviction setups, ranked by technical inflection, profit-probability, and trade quality — 5 long, 0 short. Trade your plan and manage risk first. Also screened: $TXRH, $IBIT, $SHOP, $ASAN, $AVGO, $AMZN.
5 of 5 plays
POET is coiling just above its 50- and 200-day SMAs (8.16/8.15), with price at 8.31 sitting only 1.93% above long-term trend — a classic inflection where the moving averages have compressed and either resolve into trend continuation or fail back into the base.
EntryAccumulation zone 8.20–8.35 on holds above the 50-SMA (8.16); add-on trigger on a decisive close above 8.50 to confirm MACD crossing zero.
Targets8.75 — first resistance and prior swing pivot, ~5.3% above spot → 9.20 — extension target, ~10.7% above spot and a stretch of the reclaimed trend
StopDaily close below 8.05, which would break both the 50- and 200-SMA cluster (8.15–8.16) and invalidate the reclaim thesis, flipping structure back to bearish.
Educational only. Not financial advice.