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LeLaf
Mar 9, 2021 12:37 AM

CMX.CA: Bullish Flag, (67PC) Long

Description

Bullish Flag, (67PC)
Pros:
Volume during post formation
Descending volume during flag formation
Golden cros in blue
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 7
200MA ascending
250RSI above 50

Target:
PT = 0.71$

Help how ever you can to keep this alive.
Thank you to those who have donated Coins!
Always do your own due dilligence. This is not financial advice
Stay Humble, have fun, make money!

Education:
https://www.dailyfx.com/education/technical-analysis-chart-patterns/bull-flag.html
Comments
Hakimipous
Is the price target still the same after today?
LeLaf
@Hakimipous, We will see what happens tomorrow. But there is a strong chance the flag already failed.
elodin81
interesting. The dailyfx resource puts the target as the flagpole + the bottom of the flag. I have been putting the target as the flagpole + the top of the flag. It appears that you are doing the same as me. Any thoughts?

Having said that, I usually deduct 2-5% from the top to account for variance.
chassytimi
What does (67PC) means? Thanks.
LeLaf
chassytimi
@LeLaf, It's new? Before you were not putting this info on your previous post I think. That's cool! Thanks
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