-34 Month ascending triangle (primary pattern)
-Launching pattern 5 Month rectangle (launching pattern)
-Weekly Bollinger band squeeze
-Daily Bollinger band expansion
-50/200 Weekly SMA crossover
-Trending comfortably above 50 & 200 DMA
As there is two patterns overlapping, I will double my risk. 60 basis points planned
Am a buyer on a daily break and close above 14.10
Trend follow strategy
-Launching pattern 5 Month rectangle (launching pattern)
-Weekly Bollinger band squeeze
-Daily Bollinger band expansion
-50/200 Weekly SMA crossover
-Trending comfortably above 50 & 200 DMA
As there is two patterns overlapping, I will double my risk. 60 basis points planned
Am a buyer on a daily break and close above 14.10
Trend follow strategy
Comment:
ASX 100 (the index in which this listing falls into) has also completed a 42 week cup and handle which should bode well for Crown Resorts
