fonzotrader
Short

Decent pattern, nice possible gains

BATS:UFCS   UNITED FIRE GROUP, INC
43 0 0
Price entry: $24.76
Price target $21.43
Stop-loss: $27.08

This price action is much more choppy than that of $TWTC but it still shows a pretty clear Head and Shoulders Pattern. This pattern has already been confirmed due to a bounce in January and then all the following down days. Both the 50 and 200 SMA have formed a death cross which gives a bearish signal. I think this downwards run is not over yet, there is still profit to be made. I do not expect the price to bounce back up to $27.08 so I placed my stop-loss there, just over the 50% fib line. My price target is just under the 76.4% fib line at $21.43. The R/R is pretty small but I see it as the best option. OVerall I think this stock has potential to tank!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out