Aston
Aston Martin Retrace Made, Time To LongThis has been playing out perfectly to my expectation in my previous ideas. Now it has retraced to find support this should rise to break the previous high. May drop a touch more but an entry here will be good. Mood on this is still very bullish as can be seen on MACD across timeframes. Target is 2849, then a retrace should be expected from there.
Aston Martin Pushing HigherThis has broken resistance and is now pushing higher. I have done very well out of this stock for the past few months and it has enormous potential to grow. If you need an entry to this wait for it to retrace back to the previous resistance level marked with the blue rectangle, this should act as the new support. For a short/medium term trade the target can be 2849 where there may be some resistance. In the long term target can be around 9000.
Aston Martin Long term HoldI think there will be huge growth in AML in the long run. The price recently broke resistance and has now retested it as support so I believe this is the time to go long. Next target is 2525 which is 38.2 Fibonacci on the fall at the start of Covid. Unfortunately the chart on here does not show this since the stock split last month.
Another 20% with #AstonMartin? #AML #TradingView #DaimlerFollowing Daimler's announcement to increase its stake in Aston Martin Lagonda Global, the share price finally regained some momentum.
The first target area is the falling red resistance line, which is still more than 20% away from the current level.
Greetings from Hanover
Stefan Bode