Trade: AERO – A Strong Buying Opportunity
I initially posted this chart on 5th of December on advfn board expecting a retrace to lower 8s or early 7s before prices could start moving to 10p area for the completion of Bat Pattern.

However, there was new of placing which caused a minor sell off but the bat pattern formation is still valid. In fact now since B point of BAT pattern has been broken upwards, it becomes a great BAMM style (read more about it here) buying opportunity. At the moment AERO is looking a very strong Risk/Reward buying opportunity with several technical reasons (Bat Pattern, 3 Drives Pattern, Harmonic Movements) to buy.
Snapshot:
This is how AERO is looking now. This can give us approximately 1:4 Risk/Reward Ratio.

Reasons For Trade:
- 3 Drives Pattern is forming potentially taking price to 10p
- Bat Pattern is still forming
- BAMM entry available right now.
- Price is slightly oversold on lower time frames
Stop Placement:
5.25p
Targets:
9.5p
Trade Execution:
On market
Concerns:
None
Planned News/Events Expected:
Unknown
Post Execution Review:
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