DIGI.CA: Bullish Flag Long

Description

⋅ Feb 14, 2021 2:35 PM

Bullish Flag
Pros:
Descending volume during formation
PPS above 50MA and 200MA
RS above 0, and ascending
ATR kind of flat
R/R ratio above 6
200MA ascending
250RSI above 50

PT = 0.83$

Comments

TradeShark88

⋅ Feb 15, 2021 2:19 AM

Hey love your ideas they help me a lot! I have a question, why is descending volume during formation considered a good thing? Thank you ! :)

LeLaf

⋅ Feb 15, 2021 8:11 PM

@TradeShark88, It shows that even with decending volumes, the price per share is still being supported, hence a good thing.

TradeShark88

⋅ Feb 16, 2021 12:39 AM

@LeLaf, Thank you for the insight! I'll be taking a position in this if PPS jumps above previous close.

chassytimi

⋅ Feb 14, 2021 3:07 PM

I'm already in, so let's hope it will reach your target price! ;o)