LeLaf

REGI: Bullish Pennant

Long
NASDAQ:REGI   Renewable Energy Group, Inc
Bullish Pennant
Pros:
Descending volume during formation
PPS above 50MA and 200MA
RS above 0, but flat
ATR Ascending
R/R ratio above 5
200MA ascending
250RSI above 50

Price Target:
PT = 112.43$

Comments

Turned out to be a defective flag...Hope it'll rise so I can at least not loose too much. As I can see, big funds change their positions. In this case it's useless to analyze figures.
Reply
LeLaf moskumer3
@moskumer3, The flag was never confirmed, so it never really existed.
Reply
Well, even if it had been confirmed, it would've still gone down because of that reason, which lies outside the scope of technical analysis
+1 Reply
LeLaf moskumer3
@moskumer3 With yesterday’s green candle, we may see a the flag confirmed within a few days.
Reply
LeLaf moskumer3
Boom! Confirmed and will likely be filled next week.
Reply
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