sngyuchao

AROC Long: Exit from a Flat and Ending Diagonal

Long
NYSE:AROC   Archrock, Inc
I chanced upon AROC upon my scan of stock charts (which I rarely do) and this seems to be an opportunity. The movements for the last few days looks strong (with high volume ).

Even though I was thinking if there could be a final wave down (there is a possibility of a final wave down to the support), I feel that the strength of the last few days strongly suggested that AROC's move is an impulse and not a correction. In any case, I will suggest putting some position here and add on if it breaks out of the triangle or when it reaches support.

You may be interested in another stock that I've identify: VALE.
Comment: Doing good so far.
Trade closed manually: I will consider this performance to be good enough.