AVID Avid Technology Inc **Closed 1-14**

[jimmenknee]

Key:
Yes= meets
No= does not meet
NA = Not Applicable

Setup//Confirm:
RSI: Yes// Yes
PPO: Yes// Yes
ADX: Yes// Yes
Addl Confirm:
MA5: No
pSAR: Yes
Current ADX downtrend greater than the previous uptrend: Yes

Key Area: Mid-BB: $7.59 Link to Live Chart

Pincher Setup Criteria:
RSI Below 30
PPO Below -10* (*Note: will accept a PPO above -10 and caveat it)
ADX Above 40 and -DI below ADX

Pincher Confirming Indications:
RSI Above 30
PPO 12 Crosses Up Over 26
ADX Downturn

Additional Confimation (Early Entry Opportunity):
Candle Fully Formed Above MA 5 Line
pSAR Trips and Drops Below Candle

Pincher Trouble Spot (Profit Opportunity):
Candle Approaches/Breaches MA 20 Line (Mid-Bollinger Band [BB])