Panjang
Chicos FAS $CHS, the penny stock leading retail
After formming a pennat pattern above its moving averages, today made the breakout with good volume. The detail is that it didn't close at the high but still, I think its a confirmed breakout. Because the stock its very volatile, I got in with half my position. I'll wait until the price breaks above the $7.26 resistance to buy the rest.
At first my price target would be $8.15 but, according to the rules that can be use to forceast future prices with this type of continuation pattern, I'll just put my stop on breakeven and wait and see if it can get to the $9.80 target.
XRT is rank 7 among the top 100 ETFs in Barchart (barchart.com/etfs-funds/top-100-etfs?orderBy=percentChange1y&orderDir=desc). That means that the retail sector is leading the market, this gives me confidence on this buy. I'm also watching 
BURL. A good buy zone for BURL would be above the $350 zone.
At first my price target would be $8.15 but, according to the rules that can be use to forceast future prices with this type of continuation pattern, I'll just put my stop on breakeven and wait and see if it can get to the $9.80 target.
XRT is rank 7 among the top 100 ETFs in Barchart (barchart.com/etfs-funds/top-100-etfs?orderBy=percentChange1y&orderDir=desc). That means that the retail sector is leading the market, this gives me confidence on this buy. I'm also watching BURL. A good buy zone for BURL would be above the $350 zone.Dagangan ditutup: hentian tercapai
Got stopped out at $6.10. I don't hold losers, but I will keep an aye on this one.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.