AA ascending triangle + moving average crossing

11 dic 2019

AA is making a short-term ascending triangle since 8 days, that should break in 2 or 3 days, combined with a crossing of the weighted moving averages of 5 and 25 days. The corresponding MACD also indicates a buy signal. Those 3 indications are a good buy for a 2 or 3 weeks planned bullish move. The move should stop at or a little bit above 23$, which is the resistance since many months. However, be careful about keeping your position or selling it before the earnings report of January 15th.