AH : Buy 13.60-13.70, Sell 14.20, stop 13.45

Another reader asked us to comment on the buy call on AH by a certain local broker. The stock has been under pressure for a while now, but does have signs of a potential rebound pattern. What’s needed is a strong (volume supported) move above 14.30 on a daily closing basis, and indeed all the better if its on the weekly chart.

Consider a punt from 13.60-13.70 with a stop loss at 13.45 and an initial target at 14.20

If it sees momentum build strongly, then a breakout above 14.25-14.30 should see it advance to 14.6-14.7

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: