Big pictrue of fundamental analysis and technical analysis. today market is not so convinded to go up, especialy automotive industriy will probably not be the winer of the situation Write sometning about your psyhology thinking before trade? calm Describe the trade. What you see? there was to leg up with a pullback, there is a resistance line, OBV is in divergence and MACD histogram going down Write why you want to enter the trade in this point? macd, obv, resistance
What have I done well for this trade? you enter the trade according to analyse What can I take away to help with later trades? be carefull on macd histogram somtimes is lying
I made some cash on AAP going up..but sold it. I like the company but the chart looks like it is going down...so I sold..doesnt seem AAP will ever catch up with ORLY and AZO. Just not a popular stock
victor6
⋅
victor6
⋅
Great analysis, and great catch. I agree that this stock has some serious declining potential especially now that it has successfully rejected its trendline.
matjaz70
⋅
@victor6, thanks, at the moment 4. 5. 2020 I would wait for a while because the stock has upmove momentum, there is no lower high yet, but it is clear that the five eliot wave is over, so I expect three down.