CoryMitchell-CMT

Another Wave Higher in AAR.TO

Long
TSX:AAR.UN   None
Long-term uptrend in this one. Had the pullback followed by a sharp push higher in October. A move like that (relative to the other pullback waves) often signals the low of the pullback is in place. Price is riding the short-term rising trendline which is one place to consider an entry.
Looking for the price to break above the short-term consolidation.

Targets and stop losses are an estimate. Use your own discretion.

Can also use ATR Stops as an exit. Wait for a daily close below line. Move stop loss up to just below the low of that day.

Cory Mitchell, CMT
Stock and forex trading insights at tradethatswing.com/
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.