aso rejection candle at 200 emaShorting aso while using the daily candles. It is a little early in the day to be using candle structure but this looks like a good set up so far and will take small risk position. The daily candle has a huge wick above the 200 ema and cant get back above. got 1 put for 55 for september 2024. I will
9,289.154
0.008 BRL
2.29 B BRL
32.54 B BRL
About Academy Sports and Outdoors, Inc.
Sector
Industry
CEO
Steven Paul Lawrence
Website
Headquarters
Katy
Founded
1938
ISIN
BRA2SOBDR004
FIGI
BBG017K3GBR3
Academy Sports & Outdoors, Inc. owns and operates sporting goods and outdoor recreation retail stores. It offers hunting, fishing, and camping equipment and gear, sports and leisure products, footwear, and apparel. The company organizes its merchandise in four divisions: Outdoors, Sports and Recreation, Apparel and Footwear. The company was founded in 1938 by Max Gochman and is headquartered in Katy, TX.
6/10/24 - $aso - dip buy only in the low 40s on EPS- greedy only6/10/24 - vrockstar - NASDAQ:ASO - generally think we should find a spot to buy this but probably won't be necking out in this tape where everything's on edge and i don't believe the mkt has really digested the job's report (which is fake - but for another day friends- i digress).
if you look at
Position Sizing: Learning to Lose
Position sizing is one of the components of a trading plan, and it's important to be just as disciplined and consistent with this as with all other parts of the plan. Position sizing is defining how much we will risk for each and our objective is to consistently get the most profit with the least
ASO - Clear Analysis and what to look out forWe have our proven controlled selling algorithms taking control of price after closing a HTF cup. We are looking for some liquidity to be built within these teal and orange selling channels and for support to be found at our buying continuation channels of magenta and green.
We are waiting for an i
ASO - beginning to break outIn September we took a look at the setup forming with ASO and knew that this would take some time to play out.
This week we have our first candle body above the the secondary downtrend and looking to reclaim the the primary uptrend. We also have a recent positive MACD crossover. Looking at the
ASO excellent trend and set upNASDAQ:ASO is a very well run small cap consumer discretionary. They had a fantastic earnings this quarter and raised guidance. This is in contradiction to poor earnings from big box sports goods retailers NYSE:FL and NYSE:DKS who cited retail theft and weakening consumer demand among reasons f
ASO - possible cup & handleNASDAQ:ASO is an excellent small cap in the consumer discretionary sector. They're very well managed, having been profitable with steadily improving fundamentals since their 2020 IPO. 12 month consensus price target is $67-68.
ASO has bounced back from the low in June, forming a cup and hand
ASO - rising wedge The price is forming a rising wedge pattern with higher highs and higher lows.
The price is still moving inside the pattern, once it breaks the support line it would be a good time to enter the short position.
RSI is showing signs of bearish divergence.
Target is shown on the chart.
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.