TradingView
AsimMirzaTrader
Mar 11, 2021 6:43 PM

AIA - Preparing to Push Higher Long

AUCKLAND INTERNATIONAL AIRPORT LIMITEDASX

Description

AIA broke out of the Bearish Trendline and tested the Initial Resistance level of $7.17 and stalled. Then it retraced lower only to backtest the breakout zone (Bearish Trendline), 200SMA and the Point of Control of Volume Profile. There is also High Bullish Volume and I think it is preparing to continue higher to retest Resistance level of $7.35 and then move higher to the next Resistance Level of $7.75. I am bullish on AIA and my targets are below:

TP1 - $7.35 (potential 10%)
TP2 - $7.75 (potential 15%)
Stoploss - $6.45

Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Comments
hsingha
Bought some. Thanks for the analysis
More