AML - LSE -
Added 2024-07-09 20:15:31 +0000 UTCAston Martin is starting to round out and find support above its 0.887 Fib and 0.78 Fib and has also stayed above it 50 Day MA as it approaches its 200 Day MA and the very long wedge trend line at 175p.
A breakout of this line means a break above both moving averages and a significant change in trend and the Targets are impressively high as shown, from 159p now to 480p for the First Target.
I have this on my personal watchlist, it is a strong brand and they are gaining popularity due to their performance in F1, I think there is a possible reversal on the cards here over the next few months.
Comments
It seems like it broke out of this wedge, retested the breakout level and bounced, so it’s now considered as a support, right?
Matt
2024-07-26 07:12:32 +0000 UTC
