Pullback Fishing
Has pulled back rather close to the yearly low of 20.33.
Bottom fishing is risky and the moving averages do not look good. The 50 has crossed down and through the 100 and the 200. The 9 and the 5 have turned up. Some refer to a cross of the 50 down and through the 200 as a death cross.
Price broke the bottom Bollinger band with the DMA set on 80. This is bearish, but very often price returns to the bands.
Negative volume is high. This one does looks like it encounters issues at the top.
Bullish divergence on RSI. Many draw the trendline on valleys to look for a bullish divergence and vice versa for a bearish divergence.
No recommendation.
Candle patterns can cause short term price changes, or no change at all. It is good to be aware of them especially for entry levels or if you are looking at tops and bottoms. Dark cloud cover for example can cause a short term downtrend and is one of the stronger patterns as far as candles go, but not always. Dark cloud cover suggests that the open, being the top of the red candle that comes second in this pattern, was above the close of the green candle, which is the 1st candle in the pattern and is the close is the top of the green candle. It needs to be a good sized green candle for this pattern to be valid. It is not bullish, as a rule, for the open to be above yesterday's close, yet the bears were able to beat price down in to the 1st green candle's body? And even worse if the red candle engulfs the green candle completely...ugh (o: Any pull back can be the end of a trend though.
Air Transport Services Group, Inc., through its subsidiaries, engages in the aircraft leasing and air cargo transportation services in the United States and internationally. It offers contracted airline operations, aircraft modification and maintenance services, ground services, and other support services. The company also provides air transportation, aircraft parts, crews, insurance, airline express operations, line and heavy maintenance, freighter conversions, material handling equipment, ground handling, equipment maintenance, load transfer, mailing and package sorting, and flight support services. In addition, it offers equipment installation and maintenance, vehicle maintenance and repair, and jet fuel and deicing services, as well as flight crews training; and resells and brokers aircraft parts. The company offer its services to delivery companies, air transportation, air express integrators, airlines and governmental agencies, e-commerce, package delivery, freight forwarders, and logistics industries. As of December 31, 2020, its in-service aircraft fleet consisted of 100 owned aircraft and 6 leased aircraft. The company, formerly known as ABX Holdings, Inc., was founded in 1980 and is headquartered in Wilmington, Ohio.
Bottom fishing is risky and the moving averages do not look good. The 50 has crossed down and through the 100 and the 200. The 9 and the 5 have turned up. Some refer to a cross of the 50 down and through the 200 as a death cross.
Price broke the bottom Bollinger band with the DMA set on 80. This is bearish, but very often price returns to the bands.
Negative volume is high. This one does looks like it encounters issues at the top.
Bullish divergence on RSI. Many draw the trendline on valleys to look for a bullish divergence and vice versa for a bearish divergence.
No recommendation.
Candle patterns can cause short term price changes, or no change at all. It is good to be aware of them especially for entry levels or if you are looking at tops and bottoms. Dark cloud cover for example can cause a short term downtrend and is one of the stronger patterns as far as candles go, but not always. Dark cloud cover suggests that the open, being the top of the red candle that comes second in this pattern, was above the close of the green candle, which is the 1st candle in the pattern and is the close is the top of the green candle. It needs to be a good sized green candle for this pattern to be valid. It is not bullish, as a rule, for the open to be above yesterday's close, yet the bears were able to beat price down in to the 1st green candle's body? And even worse if the red candle engulfs the green candle completely...ugh (o: Any pull back can be the end of a trend though.
Air Transport Services Group, Inc., through its subsidiaries, engages in the aircraft leasing and air cargo transportation services in the United States and internationally. It offers contracted airline operations, aircraft modification and maintenance services, ground services, and other support services. The company also provides air transportation, aircraft parts, crews, insurance, airline express operations, line and heavy maintenance, freighter conversions, material handling equipment, ground handling, equipment maintenance, load transfer, mailing and package sorting, and flight support services. In addition, it offers equipment installation and maintenance, vehicle maintenance and repair, and jet fuel and deicing services, as well as flight crews training; and resells and brokers aircraft parts. The company offer its services to delivery companies, air transportation, air express integrators, airlines and governmental agencies, e-commerce, package delivery, freight forwarders, and logistics industries. As of December 31, 2020, its in-service aircraft fleet consisted of 100 owned aircraft and 6 leased aircraft. The company, formerly known as ABX Holdings, Inc., was founded in 1980 and is headquartered in Wilmington, Ohio.
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