AA Daily Chart ~ Expecting More Weakness I recei
Post# of 2561
Posted On: 01/13/2014 7:11:34 PM
AA Daily Chart ~ Expecting More Weakness
I received a couple of requests as to when I might be looking to re-enter AA for another trade. As I've mentioned before, every stock has its own trading patterns. That's one thing to look for. With AA, we currently a beginning a churn after the big drop on Friday morning. It's held the prior high support line for a second day. Now go back to the decline of early November and see where that drop was contained. It took a few days of consolidation before the sellers were done, and the stock continued higher. I would follow the FullSto and MACDs for signs of leveling out and/or beginning to crossover again. Link back to early chart and opinions on AA to see why/when I entered and exited. For now, I'll be waiting. GLTA
I received a couple of requests as to when I might be looking to re-enter AA for another trade. As I've mentioned before, every stock has its own trading patterns. That's one thing to look for. With AA, we currently a beginning a churn after the big drop on Friday morning. It's held the prior high support line for a second day. Now go back to the decline of early November and see where that drop was contained. It took a few days of consolidation before the sellers were done, and the stock continued higher. I would follow the FullSto and MACDs for signs of leveling out and/or beginning to crossover again. Link back to early chart and opinions on AA to see why/when I entered and exited. For now, I'll be waiting. GLTA
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