Looking for a continuation move to the downside breaking down out of the range (rectangle)
Reward/Risk: 3/1
Entry: 1.5296 or at a higher price
Stop: 1.5360
Target: 1.2400
MCX CPO (31 Mar 21) Will Move Downside from the level 1049-1060 It may face resistance near 1092-1099. Down side TGT will be near 1010-990-975.
MCX:CPO2!
Reward/Risk: 5/1
Entry: 69.41 or at a lower price
Stop: 67.50
Target: 78.00
Options Play: March 19 70/75 Call Vertical
Could be a decent infrastructure/relation trade assuming the recovery continues
Reversal Play
Reward/Risk: 6.5/1
Entry: 17.24 or at a lower price
Stop: 15.50
Target: 25.00
Options Play: March 19 18/19 Call Vertical
Assuming the recovery continues and we continue to see inflation X might be a great play
SFP/BTC holding its major support which is the green line. There are only 2 resistance above if SFP breaks those ones it can make ATH immediately. Besides this one is a very hot IEO by finance recently.
With earnings out of the way and the economic recovery underway, this laggard may have room to improve. Also showing rate of change divergence.
Reward/Risk: 3/1
Entry: 90.00 or at a lower price
Stop: 84.00
Target: 108.00
Reversal trade
Reward/Risk: 2.4/1
Entry: 209.33 or at a lower price
Stop: 189.00
Target: 255.00
After 2 months down and rate of changing picking up it looks like a decent setup to the upside. Could be a great reopening play
Reward/Risk: 5/1
Entry: 88.50 or at a lower price
Stop: 84.00
Target: 105
After 2 months down and rate of changing picking up it looks like a decent setup to the upside
According to Tom Bulkowski - the king of patterns:
Ascending Triangle: Important Bull Market Results
Overall performance rank for up/down breakouts (1 is best): 16 out of 39/30 out of 36
Break even failure rate for up/down breakouts: 17%/38%
Average rise/decline: 43%/13%
Throwback/pullback rate: 64%/63%
Percentage meeting price target for up/down...
