Check the example chart that I am sharing that shows how beautifully stock moved in the trend line and also did a reversal from that high.
How to draw a trend line is important.
The stock is currently moving within a channel and is now undergoing a correction from its peak.
disc: No recommendation nor is the position, sharing for educational purpose
Although currently the COVID-19 is hitting the airline industry hard, it seems that New Zealand is somewhere between halfway to near its peak in the Omricon wave. According to the Rate Of Change on "Confirmed_NZ", NZ New cases usually plateau somewhere around 20. Currently the Rate Of Change is around 10. It is also being seen that the Rate Of Change is already...
AIA broke out of the Bearish Trendline and tested the Initial Resistance level of $7.17 and stalled. Then it retraced lower only to backtest the breakout zone (Bearish Trendline), 200SMA and the Point of Control of Volume Profile. There is also High Bullish Volume and I think it is preparing to continue higher to retest Resistance level of $7.35 and then move...
1. On daily chart losing volume and overbought.
2. will probably come down to find support at $6.56 confirmed by following three indicators:
a 50 MA
b. Fib Level 0.236
c. high volume trade zone
3. Price consolidation zone is $6.17 to $5.67, good support level.
4. if support at $6.56 range fails then next major support is at $5.64.
5. I think my...
Auckland Airport has been a great runner and is also a reasonably defensive stock through periods of market volatility. It is pushing up against a previous resistance point and I think this time volume and indicators are on its side.
Liquidity is the big problem with this one. If you get an opportunity to get in it might be a buy and hold for a while.
Auckland International Airport ASX:AIA continues to trend well and has generated another entry signal following recent activity. Declaration: We are already holding this stock.
No momentum to break higher - Price instantly gets sold into. This might need to test some support before a new all time high. Not a sell call yet, but soon maybe.
