MarketMotion

ASO - Short Term PT 35

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NASDAQ:ASO   Academy Sports and Outdoors, Inc.
ASO short term C&H breakout confirmation here and signals an implied move towards $35 ($34.83 to be exact). Watch the red resistance line above as it has been rejected by that 5 times since IPO. Long term, that bottom trend (not pictured) will eventually catch up to that top trend line and create a fallen wedge. You could play the short term implied move here but more money to be made imo on the downside playing that resistance line and eventually the rising wedge breakdown.

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