Weekly timeframe showing an inverted head and shoulder, i have also done my pattern count thingy in aqua Dotted trend lines are just patterns that can be drawn in over. Solid lines represent the angled inverted H&S
A strong move up is evident out of this structure on the non-log chart Evident from previous runs up that they are short lived, I expect a fall down to occur to the top trend line. Bear idea
I`m targeting a Double Bottom this year! Looking at the AN AutoNation options chain ahead of earnings , I would buy the $95 strike price Puts with 2023-7-21 expiration date for about $2.50 premium. If the options turn out to be profitable Before the earnings release, I would sell at least 50%. Looking forward to read your opinion about it.
$AN - Auto & Truck Dealerships after 6 mths, $AN still remains in my actionable watchlist at $126.45. the prolonged period of consolidation from its ATH in Oct'21 turned this into a very attractive position trade proposition. price tightening into triangle range since April
$AN has been in my WL since nov'21 throughout its decline. eps and sales growth is impeccable, there is nothing to fault by the look of both QoQ and YoY growth RS flatten from late dec, diverging from declining price. this week broke out of wedge. to reclaim VWAP for entry.
ENTRY: 119.12 SL: 109.38 TP1: 132 TP2: 136 - ADX<20. Would like to be higher. - RSI>50, <70 - Maintaining well at pivot point "P". - Entry based on breakout from VZ yesterday. - Strength meter turned green indicating strength. - 21 Jul 2021 and 17 Sep 2021 shows high volume green candle and retracement under lower volume which indicates buyers in control. - 21...
ENTRY: 119.12 SL: 109.38 TP1: 132 TP2: 136 - ADX<20. Would like to be higher. - RSI>50, <70 - Maintaining well at pivot point "P". - Entry based on breakout from VZ today. - Strength meter shows weakness and entered with lower risk. - 21 Jul 2021 and 17 Sep 2021 shows high volume green candle and retracement under lower volume which indicates buyers in control. -...
Buying audnzd on the 15 min, emas look good, price reacted with a heavy top candle on the 50 ema giving good inidcation for a buy. also have a nice fib level aswell as a one testing for support.
JP Morgan Downgraded its ratings, Some insider selling
BASICALLY AN TAPERED OFF A LONG TERM HIGH SINCE OCT 2019. WOULD LIKE TO SEE A NEW DOWNTREND FORMED NICELY.
AUD/NZD LONG TERM SWINGTRADE (WITHOUT RR)
see for yourself, no explenation is needed when proof is right in front of you straigt lines, = top - mid - bottom think about it, gready people keep thinks like this for themself ^^