A1AP34 trade ideas
AAP - Possible Bullish Swing TradeI am setting up a possible bullish swing trade on AAP. This is what I want AAP to do, breakout above resistance at $119.00 then pull back and re-test the old resistance which now should provide support. If AAP does breakout I will enter a limit order to buy a little above support, maybe at $119.35. If AAP does breakout I would hope to see a re-test fairly quick, maybe 3 - 5 days.
If by chance AAP does not re-test and just keeps moving higher or does not breakout and moves lower from here, no big deal I will just look for another trade.
100/200MAs about to converge on this AAP bullish swingLooks like a good set up if I can get a pullback to my entry before this takes off. If I get triggered in, and the stock does, in fact, go bullish, I'll be playing it aggressively with my stop when the price gets up around the 123.50 area, in case there's a bounce off of resistance. And now, we wait... :)
Sentiment Chart IdeasHi everyone I have found myself in the situation where I will not be able to publish idea's for the public at the same length of detail for a period of time. This however brings me to the educational topic of what I am labeling "Sentiment Charts".
They can unofficially be found all over Trading View. You know what kind of charts I am talking about, they are bare minimum and usually only have a target, a fib retracement, or a Gann box drawn on them, and nothing in the text except Long or Short. These are useless for every reason except one, it accurately displays the traders sentiment, it tells me that person is either bullish or bearish on that particular stock at that particular time.
Above I have drawn a target on the chart, I labeled it long as an Investment Strategy and I also included a MACD at the bottom. This is my personal sentiment towards this particular stock at this particular time. Please value this for what it is representing, I will also display a few more example's below of what types of charts I will be classifying as "Sentiment Charts".
I am noting, I never base trades from these types of charts, I re insure myself that there is supporting sentiment towards my trade or find myself more aware of the contrarian sentiment against my trade. I never spend long looking at them, the information gathered from these charts can be collected within a glance.
I find it helpful to run into a few different sentiment charts, and sometimes find it to be more straight forward and honest them someone's glamorized chart created to market their opinion and end up hypnotizing the speculator. These types of charts are on Trading View as well, and can be a little more time consuming to use than a plain and simple honest approach that doesn't waste any time getting to the point.
Thank You, God Bless.
(Sentiment Charts: Published Charts that can be used to derive a persons sentiment, and that alone.)
AAP New 1 Year Price Target: 152.59Arbitrage Level and Advance level are both above the 0 line which indicates all 5 of Arbitrage Bands are all pointing up for the first time since May of this year.
We have a new higher on yesterday within our Arbitrage Tick indicator
And 3 days ago Arbitrage Bands signaled a new up trend was beginning.
Stop loss is set at 86.54 which is the value of our RSI line within our Arbitrage Band
11.17.17 | AAP |Journal Entry: 1st impressions are huge but this is going to be rather short, I suppose a handshake. Real quick, I am expecting a pivot low to form and price to begin trading within a range. I will track the breakout once the range is confirmed. As always periods of consolidation can be predictable, trading the floor and ceiling is the first trade I would setup. There is a lot of analysis drawn on the chart, I hope you can following along. If not I will make sure to include them in my future Journal Entries. God Bless
AAP on watch for break of 92.50AAP may continue its downtrend if it breaks 92.50. Using 94.50 as a guide for risk management.
AAP on watchAAP at a key area for either breakout long or fail breakout for a short. We will see tomorrow.
Advance Auto Parts Looks Promising In the Long RunThis week's earnings call made it sound as if the sky is falling over AAP shareholders' heads, but according to the Elliott Wave principle, things are not as bad as they seem. What do you think?
AAP - Fallen angel long from $106.47 to $127.23, Sep $110 CallsAAP seems forming a nice fallen angel pattern. It also has some insider buying. We think it has good upside potential.
To play this We would consider September $110 calls are $3.80.
* Trade Criteria *
Date First Found- July 25, 2017
Pattern/Why- Fallen angel pattern
Entry Target Criteria- Break of $106.47
Exit Target Criteria- $127.23
Stop Loss Criteria- $99.07
Please check back for Trade updates. (Note: Trade update is little delayed here.)
AAP is oversold and will have short-term bounce.AAP is oversold and will have short-term bounce. Buy AAP at $137 for short-term bounce.
AAP Best BetI a stock on this week's watch list if you look back at the last 4 downward channels you will see they reverse hard and leave big candles. I would watch for this again for an entry. This Friday candle also qualifies for a reversal in that we took out the lows and closed in the upper portion of the candle. Co-Best Bet with VZ
UPTRENDLONG. PODEMOS OBSERVAR UN PATRON DE RECTANGULO COMPROBADO POR LOS INDICADORES SAR Y MACD A LA ALZA.
