Advance Auto Parts (NYSE: NYSE:AAP ), one of North America's leading automotive aftermarket parts providers, has made a significant strategic decision to sell its wholesale arm, Worldpac, for $1.5 billion. The sale, made to funds managed by the Carlyle Group, is a critical part of Advance Auto Parts’ ongoing efforts to streamline its operations and sharpen its...
Advanced Auto Parts NYSE:AAP has gone through an exquisite shakeout of shareholders. Currently trading near $64, the stock is currently testing my "stock crash" simple moving average (seen green SMA lines). From a technical analysist standpoint, it's in a personal buy zone. This stock has tested this simple moving average level a few times in the past and...
The recent decision by Palm Valley Capital Fund to divest its position in Advance Auto Parts, Inc. (NYSE: NYSE:AAP ) has sparked interest and raised questions about the future trajectory of this automotive replacement parts and accessories provider. As investors dissect the rationale behind this move, it's imperative to explore the factors influencing Palm...
AAP on a 240 minute chart has completed a Fibonacci retracement of the previous trend down
which covered April to October 2023. Support was retested for a month or so. The retracement
starting in December is now to the standard level and price is being rejected there. The faster
RSI topped out at 65 while the slower RSI line ( black ) never got over 50. As...
HUGE UPSIDE POTENTIAL
Fundamentals are there. So it TA.
The inverse head & shoulder pattern has spoken: first target is $109.
Then possible pull back & consolidation at our breakout level of ~$80
I expect a return to $200 at the end of summer 2025 but timing market is just 🔮🤷🏻
NYSE:AAP #AAP
Have been looking at a ton of some setups looking for UNDERVALUED & UNDER LOVED #equities.
Have been opening them up to Weekly & Monthly charts.
What has been found is quite INTERESTING.
Here's 4 (only NASDAQ:PYPL shown here - Please see profile for more data)
NASDAQ:CSCO forming a head & shoulder pattern.
NYSE:AAP severely beaten up but improving...
Analyzing 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 prior to the earnings release, I would sell at least half of...
Bullish 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
BLUF: 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. Taking the idea of a recession and the movement of money into the...
Plotting future price action with the bars pattern tool
I have plotted two scenarios, one in green that takes off in the sharper up channel
And the second one in white where price rolls over and breaks down to the middle of the white channel
This second scenario is the less bullish of the two
Weekly chart
Both situations have a break out from a semi downward channel
The first led to a bull run
The second is yet to evolve into its bull run mode
White line is 200MA
There are 2 levels of support on this chart.
AAP has been in a nice uptrend since early in the year. Any pullback towards the green rectangle is buyable in my opinion.
Another scenario would be a break of the triangle instead of continuing to pullback
Clear uptrend Support with an Ascending Triangle formed within.
Target price set at a new potential resistance line.
New support confirmed multiple times on the 5-min chart.
- 5-month uptrend
- RSI + Stoch well above 50
- MACD below Signal (!)
Suggested Entry $155.33
Suggested Stop Loss $152.88
Target price $165.88
Note that I tend to adjust stop losses in...
