And this one got me )o:
These puppies will bit you.
I had it in my brain that auto part stores will do well during a recession, and I think they may. Then ORLY missed earnings, and BOOM, this went down with it! I did not look at the other Auto Parts earnings dates, but I learned a lesson. It was sitting there is a bear flag, then broke up from the bear flag, so...
Looking at a 6.90 contract for Mar. 20, breakeven would be 226.90
Very risky but could be very good profits, if it touches my support again soon and holds, ill purchase. Fib seems stonr enough to support a $130 and that would be around 330$ profit. Plent for me!!
hehehehe
(PS I hate volume)
Earnings watch 2/14 post-market:
AAP
CAR
INLB
POWW
ANET
CLR
AMKR
PHX
ASYS
OTTR
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of...
Advance Auto Parts, Inc. (Advance) is an American automotive aftermarket parts provider. Headquartered in Raleigh, North Carolina, it serves both professional installer and do-it-yourself (DIY) customers.
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
* Making new all-time-highs
* Expected to better in the coming year
* Beta of over 1
* Not much volume following the break or even before the break
* Has been consolidating since 2015 and recently broke out again from $201.24
* Good long term hold as it pays out dividends
* This did break the recent all-time-highs of $210.18 but not with a lot of volume
* It...
AAP - a small cup with handle?
“Success isn't just about what you accomplish in your life; it's about what you inspire others to do.” One thing that is certain about success is it's rarely (if ever) accomplished alone!
Earnings today after market closes.
Bull flag is getting a bit long for the pole at this point and hoping the candle formation today does not take this one down for another test. There is a pocket pivot but it is well below price right now so the closest support is the bottom trendline of the flag. If price slows down there could be support at the bottom of...
William Alligator : the stock is currently in a bullish position because the candlesticks are above the Teeth, Lips and Jaw and the lines are “eating with an open mouth” this indicates that the stock is in a strong uptrend.
RSI : the line is above 70, so the stock is overbought.
Candlestick patterns : there are three white soldiers which are a bullish...
So If I don't use indictors what do I use?
Answer: LDCs (lower degree corrections).
Whats that?
LDCs are essentially fractals that can be used as confirmation for buying and selling.
Intermarket analysis 👇
Hey people, ADVANCE AUTO PARTS is in a bullish momentum with a turning point and large volume of buying traded. The TIMEFRAME M1 we see a turn with a high volume of purchases issued, it goes to the top of its zone balance to make a test of it. Strong breakout potential the price then at the same time breakout the zone to join in another. Then go to the high point...
