Atlas Air $AAWW - Buying the breakout.NASDAQ:AAWW
Stock is trading at all time highs with a strong push through previous resistance at around $75. Current macro (e.g. global supply chain issues) and seasonality factors (Christmas) should give a strong tailwind to this stock leading into 2022 and the next Earnings Report February 2022.
Average price $79.92. Target price $96.
AAWW
Respecting Moving Average 50Simple Trading Idea.
We buy because price touch the Moving Average 50 Support.
AAWW 1D WATCHLISTMONTH END SQUARE UP
Traders take off their positions to show their clients how much money they have made for them.
Month End Square Up Watchlist
Sell an Hourly Candle Close below Support Level @ 59.44
AAWW High Flying Atlas Air World WideThis is the daily chart showing the trade set up. This may be my only opportunity to get a pull back to add b/4 this takes off to cruising altitude. I'll attach weekly, monthly and AAWW vs SPY monthly charts. Currently long less than a typical 1/3 position. I would like to add if AAWW pulls back at this trend line intersection. You'll understand when I attach the monthly charts.
