ATZ, Short, 4h✅ ATZ is overbought and likely to experience a short-term pullback, indicating a potential bearish correction in the near future.
SHORT 🔥
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ATZ trade ideas
ATZ short-term pull backATZ breaking of daily timeframe trend line with bearish RSI divergence and increasing MACD histogram level.
Momentum to the downside will likely to drive price lower to $43 area (10% downside) and if that breaks next target around $36. If rebound from $43 then look to long again.
Fundamentals remain strong, but requires confirmation of ability to sail through excess inventory in the next earnings call
Aritzia, should we buying this bounce ?I am buying this here with a stop loss around $45 right around the 200 daily ma. if it breaks below I will wait and try to re enter.
Next earnings in May, last quarter estimates were 40 cents they reported 65 cents, this quarter estimates are 24 cents and I am willing to bet they will come well over that again.
ATZ Update 12/25/2020Would like to buy in but refuse to unless it comes off a bit. Hoping for a break in this strong uptrend as you can see it’s nearing the tipping point of this triangle. Heading into earnings so not sure how much these technicals matter once those are out....
Looking for it to head down if it tests the resistance and hopefully I can get in at low 20s. We’ll see.
RSI looking a bit high
ATZ Accumulation stageATZ Trading sideways.
ATZ is an all time fav. of mine. So trustworthy and very safe for a long position.
I like stocks like this one because no matter what may happen in the interim because of some volatility, your always gonna get a return if you buy and hold.
Presently consolidating and at a dip in the consolidation action. I bought a position for a swing trade with an exit anticipated early-mid July.
