AAP - Tempting Consolidating at a major support area since 2011, will start a position here. Can see more pain but it's been beaten down hard already.
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1.68%
5.80USD
501.872MUSD
11.155BUSD
59.47M
About Advance Auto Parts Inc.
Sector
Industry
CEO
Shane M. O'Kelly
Website
Headquarters
Raleigh
Employees
67K
Founded
1929
ISIN
US00751Y1064
Advance Auto Parts, Inc. engages in the supply and distribution of aftermarket automotive products for both professional installers and do-it-yourself customers. It operates through the following segments: Advance Auto Parts/Carquest U.S., Carquest Canada, Worldpac, and Independents. The company was founded by Arthur Taubman in 1929 and is headquartered in Raleigh, NC.
AAP Advance Auto Parts Options Ahead of EarningsAnalyzing 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
$AAP Going forwardThis 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.
Short Covering RallyLooks like shorts might be covering here after AAP being beaten up. Long via call options.
AAP - Recovery ScenarioAn idea showing a sharp recovery which is similar to the past two recoveries.
Using the bars pattern tool to plot a recovery.
Daily timeframe.
AAP, Incredible 2-5 year playSo, 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
AAP Bullish Divergence on WeeklyBullish 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
$AAP near historic lows for RSI...For Advance Auto Parts, the share price has rebounded in the past from RSI levels we are seeing now...
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