Clear uptrend Support with an Ascending Triangle formed within.
Target price set at a new potential resistance line.
New support confirmed multiple times on the 5-min chart.
- 5-month uptrend
- RSI + Stoch well above 50
- MACD below Signal (!)
Suggested Entry $155.33
Suggested Stop Loss $152.88
Target price $165.88
Note that I tend to adjust stop losses in...
AAP is near a monthly high now. If it break and sustain above 138 then we can see 152-175 till end of this month. Monthly chart is very strong,so we can accumulate above 138 and can add more if pullback happens near 130-135 levels.
