AN.NYS_Swim Trading VZ Breakout_Long

NYSE:AN   AutoNation, Inc.
ENTRY: 119.12
SL: 109.38
TP1: 132
TP2: 136

- ADX<20. Would like to be higher.
- RSI>50, <70
- Maintaining well at pivot point "P".
- Entry based on breakout from VZ yesterday.
- Strength meter turned green indicating strength.
- 21 Jul 2021 and 17 Sep 2021 shows high volume green candle and retracement under lower volume which indicates buyers in control.
- 21 Oct 2021 shows high volume green (after earnings result) and currently retracing under lower volume which is a good sign.
- Bounced off 61.8% and then 50% fib level. Uptrend should still be intact.
- Higher highs and lows as well.
- Once go above HVN, it should resume movement upwards.
Trade closed: stop reached:
- Closed position at 115.
- Broke below VZ.

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