The recent decision by Palm Valley Capital Fund to divest its position in Advance Auto Parts, Inc. (NYSE: NYSE:AAP ) has sparked interest and raised questions about the future trajectory of this automotive replacement parts and accessories provider. As investors dissect the rationale behind this move, it's imperative to explore the factors influencing Palm...
1) I applied WMA(14 period) on CCI indicator and it gave us to buy sign before 2 months ago.
2) I applied SMA(8 period) on Momentum indicator but it have not cross yet. They are very close each other. It is close to break its resistance level.
3) RSI indicator is going approximately 25-30 level for monthly period. Also it broke its resistance line. 25-30 level is...
AAP on a 240 minute chart has completed a Fibonacci retracement of the previous trend down
which covered April to October 2023. Support was retested for a month or so. The retracement
starting in December is now to the standard level and price is being rejected there. The faster
RSI topped out at 65 while the slower RSI line ( black ) never got over 50. As...
HUGE UPSIDE POTENTIAL
Fundamentals are there. So it TA.
The inverse head & shoulder pattern has spoken: first target is $109.
Then possible pull back & consolidation at our breakout level of ~$80
I expect a return to $200 at the end of summer 2025 but timing market is just 🔮🤷🏻
NYSE:AAP #AAP
Advance Auto Parts is a household name. If you’ve ever changed your own oil or replaced an alternator in the driveway, you are familiar with the company.
The weekly chart above outlines a quick stage analysis over the last 3 ½ years. After tripling in price from the 2020 lows to the peak of the 2021 bull market, AAP entered a severe Stage 4 decline.
Elevated...
Adam & Eve is a double bottom pattern. I think I see one here, but I don't have a lot of experience 1) catching these or 2) trading on them. I'm posting this less of a long call, but as an exercise to see how price action reacts at these levels.
Sometimes price will confirm the double bottom then waffle up and down, forming a handle. When price breaks out of this...
Analyzing the options chain and the chart patterns of AAP Advance Auto Parts prior to the earnings report this week,
I would consider purchasing the 70usd strike price at the money Puts with
an expiration date of 2023-9-1,
for a premium of approximately $5.55.
If these options prove to be profitable prior to the earnings release, I would sell at least half of...
This chart looks like it is in a falling wedge and may start its move higher soon. Needs to print a new supply zone to confirm or close above the Supply Trend Line.
So, AAP has become the best bargain for the next several years. AAP's earnings report wasn't good but everything that is wrong that caused certain aspects of it to be off, are very fixable. They overspent, they had supply chain issues, pricing issues, a high divvy, opening new stores...those issues are well into correcting themselves. I don't think its at all...
Bullish divergence on Weekly on MACD-H and Stochastic RSI, after the bulish div a first higher low and price rising up.
entry: 149.88
SL: 136,4
TP: 171.4
