ADVANCED AUTO PARTS Stock Chart Fibonacci Analysis 050923Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 124/61.80%
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About Advance Auto Parts Inc
Sector
Retail Trade
Industry
Specialty Stores
CEO
Thomas R. Greco
Website
advanceautoparts.com
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.
AAPTF: W
I am looking for a little bit more retracement for a longer term long. Invalidated if it falls below $76 to $77 area.
PennantThe pole is Down so this is a bear pennant, but it is still a neutral pattern until the top or bottom line is broken.
This was in a horizontal trading zone/rectangle/that broke to the downside.
Some would use the pole and extend it from the point of the break to the downside to calculate targets.
T
AAP | Good Entry Point | LONGAdvance Auto Parts, Inc. provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company offers battery accessories; belts and hoses; brakes and brake pads; chassis and cli
RectanglePrice appears to be bound by 2 trendlines.
Neutral pattern.
Baby doji right this moment at the support line today representing indecision.
No recommendation.
Why do I have to be prepared for every possibility?...
Advance Auto Part - Potential Wolfe WaveThe daily chart shows a potential Wolfe Wave. It's not active, the upper line has to be broken on daily basis to activate the turquoise target line. Note that even if the pattern will be executed, in advance the share price may retest the level of the 5 or get even lower in the undershoot area. The
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 BULLISH trade setup into earningsBullish on AAP (advanced auto parts) . Charts looks like a bottom of the channel reversal, indicating an up move, in an overall down trend. This is based upon bullish daily candle formation as well as weekly TTM squeeze histogram. On the daily chart , we have Inside and up candles, and a TTM squeeze
AAP BreakoutBLUF: 20% swing for 2 months at a 5% risk with the potential for a trend breakout.
Whether or not you "believe" in a recession in 2023, the idea of one on the horizon should alter how we pick stocks. Jim Cramer has been pushing bargain retailers for months and TJX is up over 40% since May of 2022.
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This info isn't a recommendation for what you should personally do, so please don't take the data as investment advice. As with any trade, always look first, then leap. Read more in the Terms of Use.
