TradingView
ChristopherCarrollSmith
Jun 25, 2019 6:53 PM

AOBC may be poised for recovery tomorrow Long

Description

American Outdoor Brands Corporation plunged after its recent earnings beat, but it has some trendline support at the current level. Recovery tomorrow would likely mean it forms a new upward parallel channel. I've bought in here with fairly tight stops, and we'll see what happens.

Comment

AOBC broke its channel at the very end of the day yesterday and hit my stop loss, closing out my position. This morning it has continued downward.
More