$ANW Bullish Chart 2-23-2018

Aegean Marine Petroleum Networks

ANW Stock Analysis

The MFI Has settled and is attempting a breakout after bottoming.

The Force Index took the hardest hit and recovered.

The CCI Indicator implies a upward move.

The MACD Is showing bears and bulls battling it out.

The Histogram shows major activity at these levels and once the price increases sellers may come with a gradual upward travel.

Notice the low peaks forming a bottom “STOP” at those low peaks.

Price Target if successful: 2.90 – 3.10

 

News – Recent earnings report with a .69 loss per share

News – To make a corporate acquisition of another company.

There has to be an uptrend confirmation which is almost confirmed. It appears we have established a bottom and will recover.