just looking at a very long term chart of AAR, I can see on the 5 year daily chart that there has been a very nice breakout on a LT downtrend on massive volumes and a retest of this breakout... this tells me that the next leg of the run has started and the 3.2c target I mentioned a few days ago is now very much within reach...
look at the left most arrow on the chart.... this is where the first downtrending resistance was broken... the 2nd one was another similar resistance broken and the 3rd one (rightmost) is the retest of this break...
the sp nicely above the 150-day EMA and I think we will all be surprised at the strength of this rally.... I have been buying steadily over the last few weeks but now after the retest of this break, I think it is time for me to buy without any hesitation as the chart looks primed to me for a decent run...
all imo... please dyor... no fin advice given here...
AAR Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held
