Panjang
Cup and Handle Formation for a Possible Long Setup
What I see...
+ Cup & Handle
+ Significant accumulation since early April
+ Rising MACD
+ Very strong weekly chart with multiple bullish break-out signals
+/- Earnings ahead!
- Multiple gap-ups in the past few days
- -1d high breached Cup/Handle high but retraced
- Price approaching falling 50MA = potential resistance
- Lots of upper shadows throughout past week
Game Plan...
Long entry above -1d high
Stop at -2d low
Target at Low back in early March to fill the gap
+ Cup & Handle
+ Significant accumulation since early April
+ Rising MACD
+ Very strong weekly chart with multiple bullish break-out signals
+/- Earnings ahead!
- Multiple gap-ups in the past few days
- -1d high breached Cup/Handle high but retraced
- Price approaching falling 50MA = potential resistance
- Lots of upper shadows throughout past week
Game Plan...
Long entry above -1d high
Stop at -2d low
Target at Low back in early March to fill the gap
Nota
+ Day-low confirms support level+ Low vol. day
- gap down and closed the day in the red
:: keeping the set-up for now; today's pull back may not be significant as vol. was low
Nota
+ Low vol. day+ a blue bar on a down day
:: Keeping the setup
Dagangan aktif
+Trade trigger today+A very healthy gain!
Nota
Moved Stop to Break-even.Dagangan ditutup: hentian tercapai
Stopped out today at BE.
Shake Shake Leg
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.
Shake Shake Leg
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.