ATD.TO Possible upward movementGetting support on curve.
Will ATD.TO follow the path and move upwards before end of the year?
Let's see how it goes !
ANCTF trade ideas
Adding to core position AlimentationAlimentation is one of my core holdings in my long-term investing account. I have been slowly adding to this position slowly as it consolidates. I believe the market has not priced the rate cuts into this very recession resistant stock. The market is keeping the price down due to the uncertainty of the 7-eleven acquisition. This consolidation has been 28 weeks allowing me to slowly amass a large position in my concentrated portfolio. TA wise the stock is ranging and building a strong base around the current price. The weekly stochastic RSI is completely dead right now. My TA target is 72$, this nearly perfectly lines up with the discounted cash flow valuation from Jan of this year.
My target for a year out is 75$.
Alimentation new additionToday I am adding a small starter position to a stock I have been following for a long-time. I was hoping to snag shares at 52$ but the weekly wick did not give me that gift. I have limit orders at 55$ as well. I plan on making this one of my larger OTC holding that I just buy and forget. The company is an amazing business that has been hit hard by interest rates with margin reduction. As rates drop I expect these quality businesses to outperform long-term. You will note the stock loves to respect EMAs. Take a look at the 20,50 and 100 EMA, these are great buy zones depending on the trend. During a clear uptrend that 20 EMA is respected. During washouts we look to the 50, and wicks occasionally give the gift of a visit to the 100.
-This will be up there with my larger quality positions that include Hammond Power Solutions, AVUV (index), Dino Polska, and Brookfield Corporation.
Support Zone Standing Strong
Quick Update: It stopped at the support zone I mentioned and Now I think it should mimic the circled price action of December 2023.
ATD AnalysisThere’s a clear symmetric triangle nearing a breakout and it can go any side as this pattern typically indicates a period of consolidation, with the price breakout direction being uncertain.
In case of a bearish breakout, there’s a strong support zone between $74 and $73. I’d suggest you to wait until the price breaks out above the red EMA 20 line on this hourly chart.
Swingtrade ATD.toOver the past two years ATD.to has traded seven times in a range bound in the upper side by the 50ema+8% (confirmed by an RSI of 70) and on the lower side by <50ema (confirmed by RSI below 40). It is again approaching the lower side of the range. A buy entry to the swing trade...
I have been swingtrading 1/3 of my long position
Swing Trade ATD.toOver the past year, ATD.to has traded in a range that is bound on the upper side by the 50EMA+8% (confirmed by RSI near 70) and the lower side by the 50ema (confirmed by RSI near 40)
