SWING IDEA - AEGIS LOGISTICS

29 Mar

Aegis Logistics, with its robust market presence and expertise in logistics and supply chain solutions, presents an attractive opportunity for swing traders.

Reasons are listed below :

• Cup and Handle Pattern: Aegis Logistics is exhibiting a classic cup and handle pattern, suggesting a potential bullish continuation.
  
• Breakout and Retest: After multiple tests, the stock broke above the crucial 400 level and has now retested it successfully, indicating strong buying interest and potential upward momentum.
  
• Bullish Marubozu Candle: A bullish Marubozu candle on the weekly timeframe, engulfing four previous weekly candles, signals strong buying pressure and potential upward momentum.
  
• Attempt to Breach All-Time High: Aegis Logistics is attempting to breach its all-time high, indicating strong upward momentum and potential for further gains.
  
• 0.5 Fibonacci Support: Finding support at the 0.5 Fibonacci level reinforces the bullish outlook, providing a strong foundation for potential upward movement.
  
• Breakout from Consolidation: The stock has broken out from a consolidation phase lasting over three years, suggesting a significant shift in market sentiment and potential for sustained movement.
  
• 50 EMA Support: The 50-period Exponential Moving Average (EMA) on the weekly chart acts as reliable support, reinforcing the bullish bias.
  
• Increased Volumes: Notable increase in trading volumes reflects heightened market interest and potential accumulation by investors, adding confirmation to the bullish thesis.
  

Target - 520 // 600
Stoploss - weekly close below 380

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@visionary.growth.insights

11 Nis

İşlem aktif

Made a high of 5.6%

15 Nis

Not

Achieved 12% ++

17 Nis

İşlem kapandı: hedefe ulaştı

1st target achieved 19.2% ++

18 Nis

Not

Made a high of 24%

24 Nis

İşlem kapandı: hedefe ulaştı

2nd target achieved
36.4%++

26 Nis

Not

Achieved 44% ++

29 Nis

Not

Achieved 58%++

26 May

Not

Achieved 67% ++

18 Haz

Not

price made a high of 98%++

28 Haz

Not

Price has made a high of 104%++ from our buying price

6 Tem

Not

made a high of 107%