AALE bounce from major trend

46 0 0
This recent IPO Found some support in $48-49 area after a controlled pullback from double top @ $55ish area. Uptrend is still intact from low $40ish area which was the sell off bottom after company became public.

This security company is component of S&P500             and with spy             building an upper level base in front of highs and preparing for break up this stock could be a reasonable buy.

Entry long is here @ $50 which was a Friday's close as it confirmed support. I will add if it will go through resistance trend line close to $52. Stop below friday's low @ $48.67 make sense.
Target is $55-56 area where it put double top . I don't think that it was our highs of the year.

I like that company doesn't have debts and won't be vulnerable to interest rate environment and operates in stable and large industry
Поиск торговых идей,
оценка настроений рынка, сценарии и торговые планы.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out