AA - Long Squeeze
Updated
AA cleared the earnings hurdle today and maintained prices levels despite another market down day.
1. Strong daily and weekly trend.
2. 4 bar squeeze.
3. Visible price levels and sitting at volume profile levels.
4. Commodity cycle with inflation to help with tailwind.
5. XME is at the top of channel and AA is strong within the ETF.
Entry: 59.50, 58.05 and 56.65
Stop Loss - 53.45
Profit Target - 61.50.
Good Luck!
1. Strong daily and weekly trend.
2. 4 bar squeeze.
3. Visible price levels and sitting at volume profile levels.
4. Commodity cycle with inflation to help with tailwind.
5. XME is at the top of channel and AA is strong within the ETF.
Entry: 59.50, 58.05 and 56.65
Stop Loss - 53.45
Profit Target - 61.50.
Good Luck!
Trade closed manually
Man - My luck again...lol. AA took off without us and hit profit targets before we could get in. I'm cancelling this trade and continuing to look for more options!
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