BLINK CHARGING FORMING A CLASSIC FLAG AND POLE PATTERN ON A WEEKLY TIMEFRAME.
UPSIDE OF 52% AT RESISTENCE ZONE AFTER BREAKOUT. SMALL STOP LOSS BELOW THE TREND LINE WITH LOW RISK TO CAPITAL.
FEEL FREE TO LEAVE YOUR FEEDBACK
We have nice impulse and correction like a flag. If today this bar close like bearish engulfing from 50% Fibonacci level I will place Pending order below the flag.
If this happend expect for long term to go down to 0.70350
Candle stick pattern shows that downtrend maybe continue and forming bearish flag with 15K target!
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🚩 Note - These are my personal notes and in no way a financial...
AMC Entertainment Holdings ($AMC) Has been making incredible strides these last few weeks. The company has incredible cash on hand and is in the process of a shareholder vote that began on June 16th and set to be held until July 28th.
Shareholders will have the option of voting yes or no on an issuance of 25 Million shares for improving the company financials and...
The technology sector is preparing to make a new high.
Many stocks are after a consolidation period since September.
We can clearly see that ADBE testing its highest high , so watch it.
As always, diversify.
If the flag pattern will follow through a big move is about to happen, one that worth risking on a trade.
Previous pulse waves were relatively...
As long as BitTorrent doesn’t drop below the support line in its current bull flag formation, it’s looking like we could see it between $0.019 and $0.02 in the next few days. This could be a great opportunity. Thoughts?
Only buy after a bar has closed on a breakout. Always set a stop loss.
*I am not a financial advisor. Make educated investments at your own risk.
As it has done before with the previous flag formation, CHR might retest the last support as resistance with the new flag again. It might go up as much as the arrow height as can be seen on the graph. Once it corrects, stop-loss and TP points must be decided with Fibonacci retracement lines.
I am expecting a some bullish pressure.
1. Price has found support and appears as if it's setting up for a chance to breakout out of the bullish flag.
2. Price respected the lower trendline of the flag pattern.
3. Price also retraced and found support at the 50.0 Fibonacci level.
The combination of the previous 3 statements eludes that there is a MAJOR support...
Doji appeared when forming pennant.
Monitor to see whether it can break out on 18 March.
R2: 0.79 (all time high)
Target: 0.84 based on “if” flag-pennant formation broke out
S1: Lower pennant line