MOD: Bullish Flag, not confirmed (41%)
Updated
MOD showing a bullish flag on the Weekly chart.
Not confirmed as of today
Pros:
1- PPS above 50MA and 200MA
2- RS above 0 and climbing
3- R/R ratio above 5 by a light margin
4- 250RSI above 50 and climbing
5- 50MA above 200MA
6- Both 50MA and 200MA ascending
7- Golden cross circled in blue
8- Post formed with volume
9- Descending volume during Flag forming
10- Ascending ATR, more volatility
Cons:
1- Figure is not confirmed
2- No break out yet
If confirmed, target price is 46,62$
Again, stay humble, have fun, make money!
MAAX!
Not confirmed as of today
Pros:
1- PPS above 50MA and 200MA
2- RS above 0 and climbing
3- R/R ratio above 5 by a light margin
4- 250RSI above 50 and climbing
5- 50MA above 200MA
6- Both 50MA and 200MA ascending
7- Golden cross circled in blue
8- Post formed with volume
9- Descending volume during Flag forming
10- Ascending ATR, more volatility
Cons:
1- Figure is not confirmed
2- No break out yet
If confirmed, target price is 46,62$
Again, stay humble, have fun, make money!
MAAX!
Trade closed: target reached
Target filled 100%Disclaimer
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