Today NYSE:AAC made a announcement that pleased investors very much, but despite this, the stock did not rally as it should have due to poor market conditions. The next few days we could get an almighty short squeeze as 28% of the short is sold short.
Average Analysts Target Price $4.50
Average Recommendation Overweight
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NYSE:AAC
AAC entered on Tuesday a huge 3$ gap between 11.20 and 14.20 - it briefly tried to break 13$ and was rejected. On Wednesday it offers a big profit opportunity, although it's unclear on which side to bet.
It'll be interesting to see how the premarket evolves and whether it'll already be over 13$ at market bell. I...
AAC not only hit fresh all-time highs today and earned a spot on ChartYourTrade.com's "Gainers on Volume", it also provided us with a great example of how to effectively manage stops using moving averages and potential areas of support.
At the onset of a trade, I typically like to give it very little room. I’ll set a stop slightly below support and key moving...
We noted this weekend that AAC formed a 1st stage double bottom with an advanced pivot at 30.15 and a classic pivot at 31.58. AAC was #1 in ChartYourTrade.com's Top 10 Setups in Bases with a rating of 9.65. It wasted no time breaking out and running over 20% so far this week.
Here are some of the notes provided to ChartYourTrade Premium members from this...
Ares Acquisition Corp. operates as a blank check company. It is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded on January 24, 2020 and is headquartered in New York, NY.
NYSE
