Trying AYX at the lower end of this mini channel. Looking for an easy ride to $71-72. From $68 to $72 is a 5.8% gain. I think that is very doable. Have been long this name from the '30s & have seen how this one trades.
Let's see if this will work.
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Since I cant seem to redraw on this chart I will post my plan. We are now at the bottom of our box again. Lets reenter the trade at around the $67 area give or take in the morning if futes look positive. We will risk $1.00-$1.50 to the downside & look to profit at least $3.00 or possibly even $6.00-7.00. If overall markets are even halfway decent we should travel halfway up the box to an easy $70.00 level. I think the risk reward is good here. You could also set a stop much tighter that $1.00-$1.50, maybe .50 or less depending if you can babysit it some.
Trade went perfectly. Now we are back to the bottom of our box. Let me see if I can update this play.
tgssbop
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Right on script!! Awesome. AYX is set to report 27/02/2019. It will pop on good news, I should imagine as there has been some doubt creeping in in sentiment which has been affecting price, IMHO
StockSpotify
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@tgssbop, Worked beautifully and still going. Maybe due for some consolidation but will continue to BTFD on this one till it stops working. Not only a great trader but a great investment. Get to know some SAAS names and how they trade. Find the names you want to own long term. Learn them and trade around the core.