AYX New 52 wk high coming soon.
Updated
Trying AYX at the lower end of this mini channel. Looking for an easy ride to $71-72.
From $68 to $72 is a 5.8% gain. I think that is very doable.
Have been long this name from the '30s & have seen how this one trades.
Let's see if this will work.
From $68 to $72 is a 5.8% gain. I think that is very doable.
Have been long this name from the '30s & have seen how this one trades.
Let's see if this will work.
Note
Since I cant seem to redraw on this chart I will post my plan.We are now at the bottom of our box again.
Lets reenter the trade at around the $67 area give or take in the morning if futes look positive. We will risk $1.00-$1.50 to the downside & look to profit at least $3.00 or possibly even $6.00-7.00.
If overall markets are even halfway decent we should travel halfway up the box to an easy $70.00 level.
I think the risk reward is good here. You could also set a stop much tighter that $1.00-$1.50, maybe .50 or less depending if you can babysit it some.
Good Luck!
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