It looks bullish as it entered above the yellow trend line, it could hit 230 as long as it stays above the yellow line. It could retest high 170s before its leg up. It it falls below the yellow line, then its more bearish.
I`m targeting a Double Bottom this year!
Looking at the AN AutoNation options chain ahead of earnings , I would buy the $95 strike price Puts with
2023-7-21 expiration date for about
$2.50 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.
$AN - Auto & Truck Dealerships
after 6 mths, $AN still remains in my actionable watchlist at $126.45. the prolonged period of consolidation from its ATH in Oct'21 turned this into a very attractive position trade proposition.
price tightening into triangle range since April
$AN has been in my WL since nov'21 throughout its decline. eps and sales growth is impeccable, there is nothing to fault by the look of both QoQ and YoY growth
RS flatten from late dec, diverging from declining price. this week broke out of wedge.
to reclaim VWAP for entry.
Dear followers & copiers,
💎We've just opened a LONG $AN (AutoNation) position using 3.10% of our equity. 💎
Why we bought the stock?🙋♂️
✅AutoNation delivered better than expected financial performance result for the fifth consecutive time in its Q2 2021 Earnings report.
🥇The company has managed to diversify its portfolio of products very well throughout the...
$AN AutoNation looking oversold on the weekly chart bouncing off long term support around $39 this week. Expecting further recovery in the medium term. Targeting $48-$50 area by January.
I am long AN $38.00 puts that expire ten days after the next earnings and revenue release. I expect the numbers to be poor, and I expect that the stock will sell off even more after this release. However, I got a message asking if I thought the market will go lower from here. Likely, not until the release. But, I will take if if it does go lower.
