Long
If there is a big break in AIMC i will be there! (3)
the early downturn this year punished AIMC harder then the overall market, its already down 25%!. This stock has sold off big and recovered multiple times during this bull cycle. Now its in a consolidation pattern and question is will it break down further or not.
Timing = 1 ( i think the overall market is at the top of its range so this stock could go down with the market)
Volume = 0 (volume was big on the intial selloff but it has been holding up at 41$)
Group strength = 1 (the industrial stocks looks weak)
Entry = 0 (i think the entry is at a great support area but it could bounce anywhere between between 33-28 $)
Fractal = 1 ( Fractal supports a break down)
Timing = 1 ( i think the overall market is at the top of its range so this stock could go down with the market)
Volume = 0 (volume was big on the intial selloff but it has been holding up at 41$)
Group strength = 1 (the industrial stocks looks weak)
Entry = 0 (i think the entry is at a great support area but it could bounce anywhere between between 33-28 $)
Fractal = 1 ( Fractal supports a break down)
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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.