Healthy momentum upturn on small-cap. Decreasing supply and good financial performance indicated in current price; AMZN interest perceived as ownership not capital gains - perceived long-term investment towards $30 per share.
Not putting SL into play personally; but included for risk management idea.
Air shipment for Amazon. AMZN investment early 2016. 200 day moving average hold late 2016. 1 year passed so moving average and earnings could catch up. Amazon is taking over the world so they should get more business. 200 day should hold again as support and it should make its next push higher above ~$25. Previous breakouts have gone 40%ish so this could reach $40.
ATSG seems breaking down forming a rising wedge formation. We think it has very good chance to declining from here.
Date First Found- December 12, 2017
Pattern/Why- Rising wedge formation
Entry Target Criteria- Break of $22.83
Exit Target Criteria- 1st Target $19.23, 2nd Target- Momentum
Stop Loss Criteria- $24.23
Indicator Notes- Twiggs money flow...