ASO trade ideas
at make or break it support area 🧐aso was rejected at trend and local resistance areas, we can bounce off this local support area and head back to trend resistance again, but if local support breaks look for a dip to extreme support around 33-34 next.
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ASO potentially providing a nice long opportunityThe company has been preforming well each quarter and has traded a lot in the >$34 range. This setup assumes that the Monthly SR level will hold, and if it doesn't promptly gets you out. Profit targets could be $40, $43, or $45. This is purely a range play, although I could see some reasoning to hold it long term as well.
ASO looks to be range bound for a whileGood value, not enough growth. This name might be in a range for a bit until taking a uptrend later in the year.
updated ASO analysis 📈aso saw a nice bounce off trend support last week, still in this small bearish trend channel so its possible we see another dump soon.
my price targets are 40.27-43.02-50.20
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updated ASO analysis 👀aso temporarily breaking below trendline support but still holding a strong local support.
if we can move back over 40 and reclaim trendline support we can target 43.02 (local trendlne resistance)
a break of that can send us to 50.20, like and follow for more! 🦉
ASODaily Chart Report
ASO had a nice rally from the bounce off support at 38 level. It is now sitting at the upper trend line which also lines up with the golden pocket. We could potentially see a retracement before it makes the next leg up. If it breaks then the price target would be 47 level.
loving this chart setup!🔥ASO is bouncing off a very strong trendline support, very good risk reward entry for longs in my opinion.
also bouncing off rsi support areas, looking for a rally to 52-53 before the next big pullback to trend support.
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ALEC ANDRULATthis chart is important so go look at it.
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trending note for ASO: likely downevaluated this drop will break GANN FAN line.
let's check for next week.
$ASO 2 months base setup$ASO working on a 2 months base.
The few high volume down days when the stock tops back in mid Sept. As such, i would like to see few more quite days below that supply line to give us signal that supply stopped coming to market and that seller is gone.
Orange bars is what I would like to see take place to get me excited.
ASO.NAS_Swim Trading VZ Breakout_LongENTRY: 42.36
SL: 37
TP1: 48
TP2: 49
- 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.
- Currently above HVN.
#ASO ready to jumpBased on volume price movements,I expect #ASO will go up
Take Profit: 67
Stop Loss: 42
This Stock Looks to Much HigherNYSE:AER
Academy Sports and Outdoors has a really bullish chart and overall has gained massively. Not sure what's going with the fundamentals but the chart looks really crazy.
ASO TCG Long Swing StrategyGreat trampoline setup looking to maintain a weekly uptrend. Have used this pattern before and it has worked out well. Lets see how this can materialize to the upside.
ASOWait for the break of the EMA and the bearish divergence in the rsi , also wait until confirmation in the MACD
Academy Sports - great study case of spotting a bullish reversalAnalysis of price and value action after $ASO announced earnings on Sept 9, 2021.
$Aso, High probability short squeeze by swing tradingThe stock is holding at the area of 42.69. it's no right time for an entry, as the stock is extended from it's 5 & 10 period moving average where we expect the price to consolidate or pull back producing a right entry at the are of 42.69, the stock is highly correlated with the General market and should be traded with high caution. stock can be traded in daily, hourly or any other intraday time frame as per your style of trading. if anything, please do drop a comment below. thank you.
Real time trade with educational purpose, please don't forget to do your homework.
How to profit from short squeeze by swing trading$Aso, May retest the level at the resistance @42.73 and Expect a breakout at this area of resistance. Short interest 22.74% & Ratio 6.19.
