This chart has multiple bullish factors lining up for a strong new swing. 1) The consolidation formation has a bullish structure. 2) It broke out to all time highs on high volume and has pulled back forming a flag structure to support. 3) It has green to red/ red to green tendencies which makes 1/21's reversal candle a good sign of green candles ahead. 4) The 20ma was clearly important in the last major run and it appears to be holding at the moment. 5) They are a solar company which is still a very bullish sector.
Trade closed: stop reached
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I got a little too attached to this one, should have cut off much sooner.
Trade active
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Trade closed manually
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Trade active
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Bought back in at open
Trade closed manually
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Markets are a bit overextended at the moment, closing some long positions.
nice! This helps me for some allocation questions i have been having for myself. I am hoping to be able to hold this through March to gain on Long vs. short terms. This is likely, a 3-5 year hold based on macro trends. What say you in terms of similar producing charts, maybe the same sector? I have been liking CLNE, NEE.
I4
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@awisecrackin, If I find something I'll make sure to post it. CLNE and NEE seem a bit too overextended for me, Id like to see some consolidation or a pullback for an entry.
awisecrackin
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@I4, thanks my friend. this market is maddening and any stock can be a target. insanity.