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mtangcpa
Aug 30, 2017 8:16 PM

XXII Bullish Pennant? Long

Description

Still a noob but looks like a bullish pennant is forming here for XXII. Possible break out in the next few days?
Comments
Turpan
It's not tight enough to classify as pennant.
mtangcpa
@Evan_Moe_Money Thoughts?
Evan_Moe_Money
@mtangcpa, Looks fine to me, I do see a triangle as continuation form. As I don't use RSI and MACD I don't say anything about it (I just don't use it anymore, and don't want to say anything wrong...).

Here is my analysis to the same exact stock, its a bit different and in german, basically saying that theres always a consolidation in the blue boxes prior to a big move. The outcome is the same like in your analysis.

mtangcpa
@Evan_Moe_Money, great thanks! I'm still learning things as I go, so it's nice to see that some of my analysis is correct.
Evan_Moe_Money
@mtangcpa,
Just make sure to have at least 100 ideas (not necessarily on TV) bevor you enter your first real trade. write down 100 ideas and after a while check back on them and see how many are wrong and how many are right. If you are right in more than 50%, thats a good point to start :D
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