Bullish flag formations are found in stocks with strong uptrends. They are called bull flags because the pattern resembles a flag on a pole. The pole is the result of a vertical rise in a stock and the flag results from a period of consolidation. The flag can be a horizontal rectangle, but is also often angled down away from the prevailing trend. Another variant...
Tesla is killing it on execution and deliveries, short interest has gone down from record highs to 20% but $ value has actually grown by $2.3B to a record because shorts are shorting at much higher prices. Longs are sitting on Fat gains and will not sell by end of year. Shorts will cover to offset other huge gains which will cause more shorts to squeeze.Tesla is...
The daily chart of Splunk broke out of a bull flag pattern yesterday & has seen its bullish momentum continue in today's trading. The stock is also trading above heavy VPVR levels which can allow it to continue to run higher. My first two price levels are based on a Fibonacci Extension. The third target is a combination of both the Extension level & the bull...
Maybe a descending triangle as well, but seeing the recent bullish upward since Goldman Sachs recommended a buy rating from neutral. It actually appears as though COT has formed a Triple Bottom, which also appears slightly as a Ascending Triangle. The triple bottom is similar to the double bottom chart pattern and may also look like ascending or descending...
Dynatrace has not been actively traded for very long but the daily chart has created a cup & handle pattern which just needs a breakout for confirmation. The backside of the pattern can be interpreted as a bull flag that would have broken out during today's trading session. Notice how the RSI held the 50 level as well as the stock exits an oversold condition. The...
Maybe a descecnding triangle as well, but seeing how the share price bounced off the 200 Day MA fairly strong, we'll just have to wait & see how the pattern develops.. I am expecting to see the 200 Day MA at roughly 9c tested again this week, will it hold, only time will tell..
Summary •Potential Bull Flag continues to form, with Bitcoin falling as much as 52.9% from its 2019 peak. •Nevertheless, a drop below the most recent low has Bitcoin next targeting the $5,900 to $5,427 price support zone. •Recent weekly bearish moving average crossover adds to likelihood of further downside. Bitcoin (BTC/USD) topped out at $13,868.44 in June of...
The stock price created a bull flag pattern, more visible on the weekly chart. This is the daily chart which provides a zoomed-in look as the price has consolidated following its flag breakout. Now that the bullish momentum seems ready to continue I have labeled my three potential price targets I'm aiming at. Note the lack of established volume above the current...
We see that in order for this to be true, we will surely need a bump to stay above the bottom support line. If it breaks more than a few more days under, then the stoploss is 19. -Trade safely, never more than what you can lose, and thank you for viewing this potentially agressive bull approach to this cloud decentralized approach to blockchain company BNM
The stock gapped up on October 21st & created a bull flag pattern. It broke out of this flag pattern on November 6th on an earnings announcement. The former resistance line of the flag pattern looks to have become support as the stock price is trying to move back up from this level. Price target levels are noted on the chart.
Benchmark Electronics has been riding a bullish move since the May pullback completed. It has created a flag pattern that has since broken out & successfully re-tested. I have a couple of price targets noted, the first may be in sight soon.
The CP daily chart is breaking out of a bull flag pattern during today's session. Seems that a lot of charts have been forming this pattern lately, a very bullish sign overall for the market. Note how price is beginning to move above where there would be much volume action. Let's see where this stock closes today & if there is any continuation in this breakout.
Currently gold is inside a bullish channel. its going to break this channel to the upside. There is same pattern earlier in this same trend.
SHOP broke out of a bull flag pattern on the weekly chart in the week of November 18th. The following week continued the breakout & it is continuing to show strength early this week despite the overall market weakness. I am also noting the lack of volume above the current stock price according to the VPVR data. I am targeting the $424.70 & $458.70 price levels.
BUY & SELL As Per Above Given Chart or You Can Also set Own Risk reward. Let see what Will be Next Move. Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !
BUY & SELL As Per Above Given Chart or You Can Also set Own Risk reward. Let see what Will be Next Move. Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !
The Russell 2000 ETF has seen a price run-up since early October as it emerged from an oversold condition. The recent pullback has created what may be a bull flag (magenta trendlines) that is close to breaking out. The IWM also seems to be gaining some relative strength vs the SPX which should bode well for this ETF gaining in price. Upon further evaluation of...