Hello Traders,
This stock has come to my attention as a potential strong technical bullish play. I have outlined the potential long term Monthly Candle chart flag pattern breakout.
Now in order to confidently enter a bullish trade I ALWAYS dig thru the fundamentals of a company so I can confidently enter a position I can hold for over 3 months compounding the position size on shorter term consolidation breakouts.
Given the measured breakout of a flag pattern this potentially has the opportunity for a near 50% bump in the stock price. The minimum stock price increase I look for is 20%, anything less than that and I tend to move on from the trade. Keep in mind this is merely on my watchlist, and I never trade everything that goes on my watchlist.
Hope you enjoy my technical analysis on this stock. Cheers. =)
This stock has come to my attention as a potential strong technical bullish play. I have outlined the potential long term Monthly Candle chart flag pattern breakout.
Now in order to confidently enter a bullish trade I ALWAYS dig thru the fundamentals of a company so I can confidently enter a position I can hold for over 3 months compounding the position size on shorter term consolidation breakouts.
Given the measured breakout of a flag pattern this potentially has the opportunity for a near 50% bump in the stock price. The minimum stock price increase I look for is 20%, anything less than that and I tend to move on from the trade. Keep in mind this is merely on my watchlist, and I never trade everything that goes on my watchlist.
Hope you enjoy my technical analysis on this stock. Cheers. =)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.