ARGGY trade ideas
Target reached, expect a move lowerThis morning AML touched the weekly/monthly trend line but failed to advance any further and drew a bear candle. You can still see my LONG marker on the chart. In the description I wrote that if the price does not form a double bottom but moves up above 43 (and stays above 200 EMA) the LONG scenario remains valid and we can expect the SP to touch the trend line. The target price was reached this morning and I feel that the stock is a bit "overheated". It needs a rest (some consolidation). If the price fails to advance beyond the trend line in the next few days this will indicate that globally AML is still in a downtrend and one can expect a move lower.
Aston Martin - AML Technical AnalysisTechnical Analysis:
Resistance 1 has been broken and the idea is to go long.
To reduce the risks, we might wait that the resistance 2 will be broken as well before buying.
Fundamental Analysis
Aston Martin said on Thursday it was starting consultations on cutting 500 jobs as part of plans to save £10m in costs. It comes shortly after the arrival of a new chief executive who is hoping to turnaround the struggling business.
Trend ReversedHi, so as you can see from my analysis, this company only has one direction to move in from today onward. Not only has there been a large investment by a billionaire but also now been managed by someone who works for the world's best performance company AMG. I think we will hit £1 in the next few weeks and £4 by November just before the release of the James Bond movie.
This stock is a bargain for anyone looking for a fantastic return on investment for a Luxury British Brand that has lots of history and has so much more potential now in the right hands.
Please comment on what you think :)
AML- Bull penant breakout from a descending wedgeAML has been battered from the highs collapsing in price to be a mere 1/12th of where it was before.
Based on oversold conditions and these technical patterns I am going to take a long.
AML - Keeping It SimpleDownside H&S pattern after breaking through the downward channel, *waiting* for it to break the neckline and retest it.
Furthermore, the new DBX will eventually serve as a hook.
Aston Martin inverse H&S, time to buy????Seeing a pattern of head and shoulders forming. If we do not make new lows, then we can start buying. RSI divergence present.
Buy on smaller time frame inside trading hours with samll risk. Allows better risk-reward and to get in on the long earlier. Then of course the break of the 200SMA and neckline. Target 800. Stop will be below the recent swing.
Aston Martin had quite a disastrous IPO, from 1916 high down to 370 low. Investors were waiting for the price to be low enough to start buying.
Good Luck!
Astom Martin updateAston Martin had a bad run from the start as the open price of 1915 plummeted to, currently, 460 area. Recent word from Merrill Lynch changed the forecast from 'buy' to 'hold' as Aston issued profit warnings and earnings forecasts were cut by 40%. This is where investors are waiting for the stock to become cheap enough to buy, but it seem like it could still go lower before the big institutions commit to the this stock. Potential short term trade on the long side as we retrace a little here. Good Luck!
AML Aston Martin Buy signalHas the down then ended? Yes I think so.
Price is now entering the buy zone between 1000 and 800. A new low will invalidate the buy signal and signal new lows.
I'm using the weekly chart here as daily candles have previously given false buy signals that were subsequently stopped out when new lows printed.
Count back line analysis - drawing a red line at the low and then counting back to the height of 3rd lowest weekly candle gives us an buy entry signal when price closes above the green line 1020. It's precariously close at the moment. Price has moved above and now retreating below offering a second chance entry. It's amazing how many times we get a second chance entry.
Price is now in the buy zone as long as it holds above the low of 795. Use a stop loss below the low for a low risk entry - short stop distance = low risk and high risk reward.
AML Aston Martin vs RACE FerrariRACE didn't really perform in the first lap, and in the first three months would not have made the qualifiers. But in Feb 16, the accelerator was pushed hard, and has reached a top of 150 this summer, and is still just under the ton. No reason why the British best of breed shouldn't do the same thing. Join the race a bit later in the Spring season, when the new contender is under 2 (200p - British stocks are in pennies), and hopefully see it catch up and finish in pole position.
