AIR Long 041824Commercial Aviation ? why not !
There has been lots of turmoil around breakdowns and various accidents. Support in said mechanical components will be important and will remain so. As such I am convinced that the sentiment in this segment of the aviation industry will experience an increase in this company's share price.
As we've witnessed a market structure change there is an opportunity for long side trade to $65 if not $67 to then resume selling as it reaches FVG's in those zones.
Happy Trading,
AIR trade ideas
V BottomEarnings 12-20 AMC
Tough time to trade this so close to earnings.
Analysts appear positive on the numbers although estimates to beat are higher than last quarter.
V bottom that got caught up in a rising wedge along with a RSI Divergence.
The wedge and the divergence appear to have corrected.
Short interest is around 3.5%.
EL is 48.20 which is the high on the left side of the V.
Possible stop under 41.84.
No recommendation
AIR Cup With HandleStarting a very small position on another Aerospace-Defense Stock.
Small Cup with even a smaller handle. Going small as I've hadn't had good luck this year with them (LMT,NOC, etc...) and it may need to consolidate more and maybe give new entry points.
Going small as I've hadn't had good luck this year with them (LMT,NOC, etc...)
Quarter Positioning --> 250 USDs Risk, .77% of portfolio, 4K total size.
Avg Cost: 50.19
Stop: 47.40
Risk: 5.55%
AIR breaking out with volume.AIR has been under accumulation recently, forming a nice base with signs of institutional accumulation (pocket pivots, volume and price tightening) and yesterday broke the $52 pivot with big volume to reach ATHs. RS is strong and the cluster of RS before new highs prior to yesterday's breakout is a good sign that this could be a good time to enter for a decent move (no overhead resistance and a strong sector)
Cup and HandleBull flag noted. Price must break resistance of the BF in a clear uptrend
To calculate targets for C&H pattern, subtract the cup high (33.60) from the cup low (8.56). Take this number and multiply it by 0.38, 0.62 and 0.79 or use a Fibonacci chart from top of cup to determine targets. In a high trending stock you can add 100%, 127 and 162%.
This stock had high effective volume last week, buying by large players with a pocket pivot today and 2 days last week,
Effective Volume analyses the intraday volume on the minute level to determine what small and large players are doing in terms of accumulation and distribution. For using the indicator you should basically understand: if the red line goes up, large players are buying on average, if it goes down, they are selling. But we really advice you to get a more detailed understanding of the indicator. There is a book by Pascal Willain that is great about Effective volume.
Price forms a pocket pivot, when:
The price goes up compared to yesterdays close.
The volume today is higher than the maximum down volume of the past 10 days.
Pick a good entry if you like this stock. Large players have more money than most of us do, and very often it is not their money they are using..lol
Not a recommendation
$AIR can rise in the next daysContextual immersion trading strategy idea.
AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide.
The company has a good potential to rise — www.directorstalkinterviews.com
The demand for shares of the company looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $24,96;
stop-loss — $22,28.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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