AQB trade ideas
AQB parabolic move updateLevels annotated in the chart, currently in a nice ascending triangle watching for a breakout! ended yesterday with 2x the average volume. Looking for a nice run up ATH you missed this under 5$ you definitely don't want to miss this at $10. Add Far out exp. close to/ or ITM strikes for Options or load shares
AQB trying to find its footingNASDAQ:AQB
AQB just raised some money through a public offering. $6.50 per share.
www.globenewswire.com
It didn't seem to be a lot, which is good and bad news.
Bad news is people started to react and took profits. Good news - high chance of another offering in the future, where they more than likely are anticipating a higher $$ per share.
Based on action over the last few days - MACD about to cross and lower volume, I think we'll still see a dip. Hoping we find support at the SMA20 and start seeing consolidation for another run up.
I'm in around $10 and will buy shares if we stay above the SMA20 and are in the $8 range.
First sell target is $12 and then will see how it runs.
LFG!!!
AQB Bullish Pattern FormingAQB has broke out of a channel and looks like it is forming a cup and handle (currently forming the handle) for a move higher. My target would be $17-$17.50 range. I think with the technicals and ARK fund purchasing lots of shares this is poised to make a run higher in the next few weeks
AQB - Bull Pennant entryAQB has begun a long term recovery after forming a base for the past 2.5 years. The longer term trend and targets are more apparent on the weekly chart but I present the daily chart here to show an entry signal that occured today.
After a decisive breaking out of the $5.14 long term resistence on 30 Nov, it is likely that AQB has begun a sustainable recovery trend. There were opportunities in the past 2 days to stake was it pulled back from 6.44 to test the breakout level around 5.14. Today is another clear signal to long as it broke out of a bull pennant @ 5.80.
Next target is between 7.50 - 8.00 (resistence there in the weekly chart) and probably an eventual target of 10.0
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to let me have your thoughts ! :)
AQB: Ascending Triangle, Awaiting confirmationAscending Triangle, waiting confirmation
Pros:
Descending volume during formation (kind of)
Volume at break out
R/R ratio above 7
PPS above 50MA and 200MA
200MA ascending
RS ascending and above 0
250RSI above 50
ATR climbing, more volatility
If confirmed:
PT = 7,04
$AQB BREAKOUTAQB Broke out above its 52 week high yesterday. Purchased a position @ 4.55. Up almost 15% next day and could go higher. ARK invest owns ~3% of the Company stock. Perform your own due diligence, but this may have room to run and be entering a large growth stage. Set tight stop losses to manage risk. Could be very volatile.