Ok, as @miccross86 requested, here it is my view about AHT!
We have multiple signs around. The 6.65 is the previous bottom, and if AHT breaks this price again tomorrow, it could drop to the next support areas, like the 6.34 (gap), or the 6.13.
Yes, AHT just hit the 20ma and it could go up from here, so, let’s wait more confirmation, ok? Watch the 6.65!
In the 4h chart, we traded outside the BB, but we closed inside it again, indicating some weakness. AHT did break the 6.65, but couldn’t close under it, and this is important! This price is an interesting point to keep our eyes on tomorrow.
The RSI has a divergence, and if AHT loses the 6.65 for good, the 6.13 is the first target, and the 20m is the second one.
Yes, the indicators are showing some weakness, and we are far from the 20ma, but the price didn’t confirm anything yet, ok? Again, focus on the 6.65 This stock can keep going up, breaking the short sellers on its way, so, be careful! And if you see a correction, no need to stress, as this is a bull trend!
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Another Big thanks for the wonderful analysis that happened exactly as you expected, I hope it won’t go down since I’m still holding 5.5
UnknownUnicorn21312077
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@miccross86, TY, mate! Yes, AHT is holding around its support. Now is the best time for a reversal for good ;)
I wish you the best of luck!
miccross86
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@Melissa_Amana, Thank you dear, all the best for you and guess what? I don't care which indicators you are using ;)
miccross86
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That's wonderful as usual Melissa, I'm so grateful Thank you so much for responding, I hope you continue sharing your ideas for AHT as well since I'm trading both Nio and AHT :) currently I have my position @5.5 didn't sell yesterday!
CJS04
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Youre using moving averages? Hahahahahahahahahahahahahahaaa Your thesis means nothing then.