AcornWealthCorp

ARLP - Flag formation long from $17.90 to $19.27 & higher

Long
NASDAQ:ARLP   Alliance Resource Partners, L.P
ARLP seems forming a possible bump & run formation. The best thing about it is the huge volume in the breakout candle that suggest the reversal of the trend. It is a bit speculative trade but seems a good long opportunity

* Trade Criteria *
Date First Found- May 6, 2018
Pattern/Why- Possible flag formation . Advanced Bump & run formation.
Entry Criteria- Current Level ($17.90)
Exit Criteria- 1st Target $19.27; 2nd target - Momentum
Stop Loss Criteria- $16.87
Indicator Notes- Twiggs money flow broken to the positive side.

Please check back for Trade updates. (Note: Trade update is little delayed here.)

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