Why I enter long position in (AIV) using Price Action Strategy?Hello Traders! AIV meet all my criteria that's why I enter position this past few days:
Criteria:
1. Trend - Higher High, Higher Low
2. Valid Swing and Valid Pullback
3. Key Levels
4. Strong Bullish Candle Stick Pattern at the swing point
Hope you like my analysis and hope you smash the like button :)
AIV trade ideas
AVI~~~~~~~~~~~~~~~~~~~~~~ OVERSOLD/OVER REACTION!!!!!!!!! This is the stock that was replaced by TESLA in the sp500. The stock TANKED HARD!!!!!!!! Rsi was round 13 when I bought my first positions. I tend to love rsi bounces and this one may be one of the best do to the fact that this companies financials havent changed, theyre not under a lawsuit or in the middle of a bankruptcy, the CEO didnt get caught banging a coworker ect ect. As you can se the first line of the Fib is over 100%upside and my price target is 20$atm. Im seeing huge upside potential with lil risk. Ive been watching the moving averages steadily move up over the last several days and with a positive cross looking imminent I tripled up on my shares today. This is a REIT that has most its holding in apartments which hopefully will hold up as opposed to other companies focused in malls/commercial.( Happy New Year and Happy Hunting! : )
Short term gains in Apartment InvestmentTechnically the chart is is a beautiful uptrend with very bullish support and indicators.
Currently breaking out of consolidation channel.
Full MA support.
RSI just broke resistance to create higher high.
MACD in bullish trajectory with histogram green.
Short term price target $55.
Yield 2.96%
P/e ratio 23.12
Apartment Investment & Management Co. operates as a real estate investment trust that engages in the acquisition, ownership, management and redevelopment of apartment properties. The company was founded by Terry Considine in 1975 and is headquartered in Denver, CO.
AIV is approaching support, potential bounce! AIV is approaching our first support at 48.83 (horizontal overlap support, 23.6% fibonacci retracement) where a strong bounce might occur below this level pushing price up to our major resistance at 53.18 (100% fibonaccci extension).
Stochastic (89,5,3) is approaching support where we might see a bounce in price
breaking a very round number AIVAIV – still relevant….from the finance sector and life insurance industry
there's a clear convergence we can see on the daily chart, although on a weekly chart it appears to be too tense.
moving average 20 accompanies the recent increases,
50 level is appear to be an historical resistance area - it can be seen on a monthly as well as the annual chart.
if a breakout occurs, at least technically, the way is open to further increases.
the volume is high and OBV supports the idea, on the other hand, RSI is too high.
I'll follow the breakout of the 50 level, it will happen sometime ...
long over 50 plus an approval candle, continuing high volumes sidelong a positive fundamental information …it can be interesting.
Who's coming? (-:
not a recommendation to buy or sell.
what do you think?
AIV waiting for the breakout of the round number.AIV from the finance sector and life insurance industry
there's a clear convergence we can see on the daily chart, although on a weekly chart it appears to be too tense.
moving average 20 accompanies the recent increases,
50 level is appear to be an historical resistance area - it can be seen on a monthly as well as the annual chart.
if a breakout occurs, at least technically, the way is open to further increases (towards 60 area).
the volume is high and OBV supports the idea, on the other hand, RSI is too high.
I'll follow the breakout of the 50 level, it will happen sometime ...
long over 50 plus an approval candle, continuing high volumes along with an interesting fundamental information …it can be a nice celebration.
Who's coming? (-:
not a recommendation.
AIV approaching support, potential bounce! AIV is approaching our first support at 47.93 (horizontal pullback support, 23.6% Fiboancci retracement) where a strong bounce might occur to our first resistance at 51.39 (76.4% fibonacci retracement, 100% Fibonacci extension).
RSI (89) is also seeing a bullish exit.
AIV Approaching Support, Potential Bounce!AIV is approaching our first support at 41.69 (horizontal swing low support, 61.8% fibonacci retracement, 61.8% fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 44.71 (horizontal overlap resistance, 50% fibonacci retracement).
Stochastic (55,5,3) is also approaching support and we might see a corresponding bounce in price.
AIV Approaching Support, Potential Bounce!AIV is approaching its support at 44.76 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 45.82 (38.2% Fibonacci retracement, horizontal overlap resistance).
Stochastic (55, 5, 3) is approaching its support at 7.7%.
AIV Approaching Support, Potential Bounce!AIV is approaching support at 44.76 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its resistance at 45.82 (38.2% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is approaching support at 7.12% where a corresponding bounce could occur.