* Great earnings
* Very strong up trend
* High 3-month relative strength in the Financial sector
* Breaking out of a tight range of ~3.35% with slightly higher than average volume
* I originally mentioned this as it was breaking out of the cup with handle pattern at $153.09
* It has since then move higher and then started to consolidate
* Even as the financial sector took a hit in the past week AJG managed to consolidate and stay afloat
* This shows that there are institutions still interested in this stock and are holding it up
* Now as the markets are showing signs of recovery, AJG is breaking out of the consolidation
Trade Idea:
* Now's a great time to enter as the price is just above the broken resistance of the range
* Very strong up trend
* High 3-month relative strength in the Financial sector
* Breaking out of a tight range of ~3.35% with slightly higher than average volume
* I originally mentioned this as it was breaking out of the cup with handle pattern at $153.09
* It has since then move higher and then started to consolidate
* Even as the financial sector took a hit in the past week AJG managed to consolidate and stay afloat
* This shows that there are institutions still interested in this stock and are holding it up
* Now as the markets are showing signs of recovery, AJG is breaking out of the consolidation
Trade Idea:
* Now's a great time to enter as the price is just above the broken resistance of the range
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Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.
Похожие публикации
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.