50 EMA was resistance and now broken out of it. Also bullish signal on ichimoku cloud.
Nice breakout with high volume. Likely immediate target at prior high @ $53.00
After a gruelling 2019 cannabis space seems to be breaking out of the falling wedge pattern. CRON has a nice tight flat base and breakout of falling wedge with volume accumulation clues the past few weeks. Could be an indication for bull run to come in 2020!
Encouraging Bullish Price movements in daily, weekly and Monthly charts (forming). Fib retracement over the last many years, bullish divergence in Stochastic and base formation is all favourable signs. Feel free to share your views and comments.
Well done if you captured this move.
Potential for quick 20% move. Entered trade at $1.62 yesterday. Fibonacci play. Delayed China tariff could be a good catalyst for this.
see chart for potential TP1,2 and SL areas. Share your views and analysis of the chart for mutual learning. +1, like and follow if you like what you see and agree with analysis.
Wait for break out or break down of price from this flag pattern for the next trend move.
see chart for details.
Nice breakout move to touch the recent high/resistance. VIPWealth creation portfolio watchlist is proving really profitable to members.
Break out would confirm the momentum. Aggressive traders could enter now with right risk management.
From Vinod Invest Picks (VIP) Wealth Creation Portfolio watchlist CIEN
Over 50% move since entry signal with limited risk. 1:5 R:R ratio. Closed the position on VIP Wealth Creation Portfolio on sell signal on 28th September.