ABC Bullish Symmetric TrianglePossible Break out is 93.5
Stop possibly under 89.5
This one is associated with travel so has not been in the limelight as of late. Has broken upper trendline of S Triangle
ABC Bullish Patterns: Some may want enter when the trendline between the BC leg is broken to the upside. Other may wait until a clear uptrend is in place. A super safe trader may wait until price surpasses the R(resistance) of B. I do not do this because by then, a lot of profit is no longer available. Depending on the stock, I enter when trendline is broken and/or a clear uptrend is in place.
We are all different.
Some follow the trades that are "hot" at the moment. Others like to trade counter the the market and try not to get stuck in the moment. Some do a little of both. We all have to think for ourselves. To me, there is nothing worse than getting stuck with a stock with horrible fundamentals just because everyone else is trading it.
It has been difficult to trade as of late for me, because I felt I was almost being forced to buy stocks I felt were overvalued. But no one can force me to do anything and as long as I do not make the same mistake twice..I am ok (o:
I own this stock but I do not recommend it
