AA eyes on $40: about to Break-Out or Lower High?
Updated
AA has been climbing over the last month.
Currently testing a major resistasnce zone.
Look for Break-n-Retest or Triple-Rejection.
$ 39.81 - 40.27 is the exact zone of interest.
$ 41.63 - 41.97 is the next resistance above.
$ 36.09 - 36.57 is a Must-Hold support below.
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Currently testing a major resistasnce zone.
Look for Break-n-Retest or Triple-Rejection.
$ 39.81 - 40.27 is the exact zone of interest.
$ 41.63 - 41.97 is the next resistance above.
$ 36.09 - 36.57 is a Must-Hold support below.
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Trade active
Dipped EXACTLY as marked
(yellow shaded area is from posting time).
.
Zoom IN (m5)
We got an EXACT rejection, then EXACT retest.
Agressive stop loss would be placed at $40.24.
Longerm holders' stop loss should be at $37.99.
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Trade closed: target reached
POP
(Yellow shaded part is from posting time).
.
Zoom IN (m15) with some notes:
Interesting development:
Resonating amongst the "Covid fibs".
That is wave from Covid bottom.
Wave driven by Stimulus printing.
.
So we have some key levels to watch:
$ 46.27 now obvious resistance and possible TOP.
$ 42.56 needs to be flipped into Support ASAP.
$ 40.27 is a MUST hold to keep the momentum.
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