ATSG is sitting right now at the $15 price point which we have not seen it trade around since back in March of 2020. With price back at this low range, analyst are still holding their price valuations of around $22-$27 making this a favorable target for long term portfolio growth. The last two earning reports were more on the negative side although the company has...
Just following the trend line on this trade and letting it take me out when crossed and respecting the levels of resistance incoming in the following trade
Has pulled back rather close to the yearly low of 20.33.
Bottom fishing is risky and the moving averages do not look good. The 50 has crossed down and through the 100 and the 200. The 9 and the 5 have turned up. Some refer to a cross of the 50 down and through the 200 as a death cross.
Price broke the bottom Bollinger band with the DMA set on 80. This is...
Another stock showing characteristics of higher prices early in 2021 is Air Transport Services Group. Moving sideways in a low volume consolidation pattern right below ATHs. all bullish signs.
Air Transport just sealed a deal to lease 12, 767's to Amazon
Daily and Weekly Charts are Bullish
This stock looks like it's going a lot higher.
Daily & Weekly charts look great!
Volume is Bullish
PMO is Bullish
MACD is Bullish
Stochastic is Bullish
Accumulation is Bullish
Sector is Bullish
Long!
DISCLAIMER
The Content herein is for informational purposes...
ATSG recently broke its major upward trendline, creating a short trade possibility with a small risk and high reward.
Two targets are set for $10 and $6.50 as the big target, however like most trades it's better to let it run and trail a stop behind
Factors leading to the decision:
Price recently broke below the 1-year uptrend trendline
Heavy volume as it...
Healthy momentum upturn on small-cap. Decreasing supply and good financial performance indicated in current price; AMZN interest perceived as ownership not capital gains - perceived long-term investment towards $30 per share.
Not putting SL into play personally; but included for risk management idea.
Air shipment for Amazon. AMZN investment early 2016. 200 day moving average hold late 2016. 1 year passed so moving average and earnings could catch up. Amazon is taking over the world so they should get more business. 200 day should hold again as support and it should make its next push higher above ~$25. Previous breakouts have gone 40%ish so this could reach $40.
ATSG seems breaking down forming a rising wedge formation. We think it has very good chance to declining from here.
Date First Found- December 12, 2017
Pattern/Why- Rising wedge formation
Entry Target Criteria- Break of $22.83
Exit Target Criteria- 1st Target $19.23, 2nd Target- Momentum
Stop Loss Criteria- $24.23
Indicator Notes- Twiggs money flow...
