Fundamentally this could be an under-the-radar reopening trade. As for the chart, I like the relatively tight trading range since mid February and also the current price in relation to to the POC (Dec 1 - Present). Also the MACD is curling up and should cross any day now. Finally, yesterday's candle broke the .5 fibonacci level to close above it.
Looking for a...
Contextual immersion trading strategy idea.
Corporacion America Airports S.A., through its subsidiaries, engages in the acquisition, development, and operation of airport concessions.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position...
Contextual immersion trading strategy idea.
Corporacion America Airports S.A., through its subsidiaries, engages in the acquisition, development, and operation of airport concessions.
The demand for shares of the company still looks lower than the supply.
This and other conditions can cause a fall in the share price in the next days.
So I opened a short...
NYSE:CAAP
I couldn't resist. It's very beautiful!
It's a pleasure to trade shorts!
Strong accumulation, squeezing, close-retesting and pushing the price.
If the price is not pulled up tomorrow (in this case there will be a false break-up with two bars), I will look for the entry point into the short.
