Market insights
Geopark Strategy/Chart pattern: Bull flag
Entry: 16.07$
Stop: 24.06$
Target: 12.19$
Risk/Reward-Ratio: > 2:1
Stopmanagement: ATR stop daily chart default settings
$GPRK2 possibilities here! Could either continue corrective or pump out in a five wave! I'm bearish in my bias!
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GPRK- Bull flag formation Long from $8.55 to $10.83GPRK seems forming a bull flag formation. It is a Oil & Gas Drilling company & it was pretty strong while oil was falling. Now Oil is moving up & we think it will go up further.
* Trade Criteria *
Date First Found- May 22, 2017
Pattern/Why- Bull Flag formation
Entry Target Criteria- Pull back to $8.55 or current price
Exit Target Criteria- 1st Target $9.83, 2nd Target $10.83
Stop Loss Criteria- $7.87
Please check back for Trade updates. (Note: Trade update is little delayed here.)
SEE WHAT JOU WILL DO WITH THIS ONE!PLAN: UP TO YOU!
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SORRY GUYS!
