Long AA idea.
MACD and RSI both flipping towards upside with strong support below.
Stops below bottom pink line at 17.19.
Looking for gap fill back up after earnings reaction.
Take profits when happy on the way up. Price targets pink lines above ideally where you would scale some out / exit runners.
Options: 3/19/21 or 4/16/21 CALLS
Stay close to the money if possible for best results.
NOT A FINANCIAL ADVISOR THESE ARE JUST MY IDEAS THAT I WANT TO SHARE WITH EVERYONE AS I CONTINUE TO IMPROVE MY TRADING.
Comment:
This trade is playing out really well and as expected. Don't be scared to scale out and take your profits on the way up.
Comment:
AA has reached above 21.80 today during market hours. Have about 1/2 position left which is almost all paid for already. Scale out on the way up