AAT trade ideas
AAT bullish triangle breakout, start of a new rallyHello Traders!
AAT has recently broken out of its descending triangle bullishly. Since the 50 SMA just crossed over the 100 SMA, the MACD has crossed over the 9 EMA and the RSI is looking optimistic, we can expect another rally to come quite soon. The buy signal is the price crossing over both the 50 and the 100 SMA and it will rise to the first goal (the 29.33 support/resistance) without a doubt. I am fairly confident that the price will reach the second goal (the 34.89 support/resistance) without much of a struggle, as long as the 200 SMA doesn't interfere, since it might offer a stronger resistance.
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Please, maintain proper position sizing and risk management!
AAT Bounced and Make a New High June 14, 2019Two days ago we gave an analysis that AAT price would drop but it actually failed to cross below it’s bullish channel’s support at the closing time and today it makes a new 52 weeks high. If it could keep the price above it’s previous resistance at today’s closing, probability the price would keep going up.