August 25 Chart of the Day - Advanced Auto Parts
Advanced Auto Parts (AAP), like other retailers, continued its downward spiral this week.
For the monthly and weekly chart we'll only use support/resistance and trend as taught in our MOST POPULAR Introduction to Price Action Trading Course to determine where price could be going...
Currently down another 5% today to $64.18 it appears that price may have an upcoming decision to make around the $60 area...
So what's next?
We don't make predictions...
Nobody knows for sure but using these 5 price action tools traders and investors can develop levels of interest in both directions.
- Support/Resistance
- Trend
- Fibonacci
- Supply/Demand Zones,
- Change Control Zones
Take a look at the charts and let us know what you think.
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