Advance Auto Parts Inc.
ショート
更新済

AAP Autoparts Retailer Retraces and Reverses down SHORT

112
AAP on a 240 minute chart has completed a Fibonacci retracement of the previous trend down

which covered April to October 2023. Support was retested for a month or so. The retracement

starting in December is now to the standard level and price is being rejected there. The faster

RSI topped out at 65 while the slower RSI line ( black ) never got over 50. As an aside,

AAP is weak compared with AZO, its peer and leader in the market sector. I am looking for

stocks to short to get synergy from and general market downturns. I have found one. This short

trade is supported by the predictive algorithm of LuxAlgp.
トレード稼働中
Price fell but not enough to adjust the stop loss yet. Holding and watching.
ノート
Price fell; stop loss adjusted to break-even now a risk free trade.

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