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LeLaf
Jan 13, 2021 10:52 PM

REGI: Bullish Pennant Long

Description

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
moskumer3
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.
LeLaf
@moskumer3, The flag was never confirmed, so it never really existed.
moskumer3
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
LeLaf
@moskumer3 With yesterday’s green candle, we may see a the flag confirmed within a few days.
LeLaf
Boom! Confirmed and will likely be filled next week.
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