vf_investment

AAT bullish triangle breakout, start of a new rally

Long
NYSE:AAT   American Assets Trust, Inc
Hello Traders!
AAT has recently broken out of its descending triangle bullishly. Since the 50 SMA just crossed over the 100 SMA , the MACD has crossed over the 9 EMA and the RSI is looking optimistic, we can expect another rally to come quite soon. The buy signal is the price crossing over both the 50 and the 100 SMA and it will rise to the first goal (the 29.33 support/resistance ) without a doubt. I am fairly confident that the price will reach the second goal (the 34.89 support/resistance ) without much of a struggle, as long as the 200 SMA doesn't interfere, since it might offer a stronger resistance.

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