Another bullish flag pattern on the weekly chart for CXT.
Not confirmed yet.
Pros:
1- PPS above 50MA and 200MA
2- RS above 0
3- R/R ratio above 5
4- 250RSI above 50 and climbing
5- 50MA above 200MA
6- Both 50MA and 200MA ascending
7- Golden cross circled in blue
8- Descending volume during flag forming
Cons:
1- ATR flat, less volatility
2- Post formed without...
Well here's my chance better take it , I drew on the chart what I was kind of hoping would happen , did not expect the market to have such a nice day overall today and would n ot be surprised if today ends up reversing and allows weekly on QQQ to get closer to its key averages but I am good at being wrong. So , figured better just take the entry , we are slightly...
Strong TT's name with 2 open Major 2/2 gaps . But it has triggered via a wedge drop and looks like monday might be an opportunity to get long this if it follows through on fridays upside reversal . Lets see what Mr market does tomorrow , I am honestly hoping for more " surprises " from the market , I think it could use some rest and we saw a lot of failures on...
CXT currently building into a bullish flag pattern after a confirmed bullish pennant.
Confirmed last Friday.
Pros:
1- PPS above 50MA and 200MA
2- RS above 0 and climbing
3- R/R ratio above 5
4- 250RSI above 50 and climbing
5- 50MA above 200MA
6- Both 50MA and 200MA ascending
7- Golden cross circled in blue
Cons:
1- ATR a bit flat
2- Post formed with some...
Hope some of you guys jumped in. CXT is currently climbing pretty steadily.
Pennant is still on target to attain its 57ish $ goal.
Should see this price it prior to dividend (June 8th).
Stay humble, have fun, make money!
CXT has bottomed in summer of 2022 and been climbing steadily ever since.
Currently building into a bullish pennant pattern.
Pros:
1- Post forming with volume
2- Descending volume during pennant forming
3- Volume at break out
4- PPS above 50MA and 200MA
5- RS above 0 and climbing
6- R/R ratio above 5
7- 250RSI above 50 and climbing
8- 50MA above 200MA
9- Both...
