Long
ADS Trade - Target 246
ADS has very strong hourly chart, so I believe this should be a quick trade. Momentum is also strong on daily and weekly time frames, so high probability price can reach 23.6% fib-fan level seems high. 245.5-246 level also coincides with weekly 200 day MA.Note
A quick trade indeed. The high ended up being 245.86 after a gap up the next morning and quick run hitting it's 200-sma.Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.