AIA broke out of the Bearish Trendline and tested the Initial Resistance level of $7.17 and stalled. Then it retraced lower only to backtest the breakout zone (Bearish Trendline), 200SMA and the Point of Control of Volume Profile. There is also High Bullish Volume and I think it is preparing to continue higher to retest Resistance level of $7.35 and then move higher to the next Resistance Level of $7.75. I am bullish on AIA and my targets are below:
TP1 - $7.35 (potential 10%)
TP2 - $7.75 (potential 15%)
Stoploss - $6.45
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
TP1 - $7.35 (potential 10%)
TP2 - $7.75 (potential 15%)
Stoploss - $6.45
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.