$AOS long-term bullishIf this close above the blue pivot, then I will BTO 2019 calls.
Loos quite promising on both channel and RSI/MFI
AOS trade ideas
Swing: AOS ~11% upsideAOS
AOS Technical Signals
MACD: Bullish crossing on 2/16/2018 at -.06
Moving Averages: 50 MA crosses under price with volume on 2/14 giving a short term bull signal, 20MA also crossing under price on 2/15.
RSI (14): Sitting at 56.46 and trending upwards, showing bullish momentum.
Bouncing off a strong support at 60
First Target: 70.80
Second Target 72.50
Stop: 60.00
AOS - H&S formation short from $$66.16 to $53.35AOS is running within a channel formation & now challenging its channel resistance. It also seems shaping a H&S formation. We think it has good downside potential from current level.
To Play this we would consider $65 July puts ($2.95)
* Trade Criteria *
Date First Found- February 22, 2018
Pattern/Why- Upward channel; H&S formation
Entry Criteria- From current price ($66.16) (Hit February 23, 2018)
Exit Criteria- $53.35
Stop Loss Criteria- $68.67
Indicator Notes- Twiggs money flow heading to the negative side.
Special Note- Quite a lot of insider selling. Sizable insider selling in early February
We would consider $65 July puts ($2.95)
Please check back for Trade updates. (Note: Trade update is little delayed here.)
AOS - H&S formation short from $$66.16 to $53.35 AOS is running within a channel formation & now challenging its channel resistance. It also seems shaping a H&S formation. We think it has good downside potential from current level.
To Play this we would consider $65 July puts ($2.95)
* Trade Criteria *
Date First Found- February 22, 2018
Pattern/Why- Upward channel; H&S formation
Entry Criteria- From current price ($66.16) (Hit February 23, 2018)
Exit Criteria- $53.35
Stop Loss Criteria- $68.67
Indicator Notes- Twiggs money flow heading to the negative side.
Special Note- Quite a lot of insider selling. Sizable insider selling in early February
We would consider $65 July puts ($2.95)
Please check back for Trade updates. (Note: Trade update is little delayed here.)
AOS
Good report a few weeks ago has contributed to the growth of this stock. Breaking the pattern gives us the entry point.
