*Late signal but might still be good
Trend - Bullish
Indicator - 52 Week High
Chart - Weekly
Strategy - I do consider this a risky trade as current market conditions could impact stocks like this greatly. This trade should follow oil pretty closely which I am also bullish on.
Time Frame- Using weekly charts will cause your capital to be tied up for potentially a year.
LGCY was on our watch list from $3, and it is running on amazingly strong bullish trend. We were looking for a pullback entry opportunity that we had today. We think it will continue upward from here.
* Trade Criteria *
Date First Found- February 28, 2018
Pattern/Why- Momentum Long setup. Possible Flag formation
Entry Criteria- Break of $3.90 (March 2,...
I feel emotionally connected to this stock because it was the first one I ever traded lol. crazy I missed this recent surge, seems to be slowing down a bit though. definitely back on the 'ole watchlist
LGCY COULD HAVE DOUBLE BOTTOMED HERE
WILL BE WATCHING FOR ANOTHER LONG NEXT WEEK WITH HIGH VOLUME INTEREST ON THE BULLISH WOLFE PLUS POSITIVE EARNINGS AND DIVERGENCE ALSO MOST ANALYSTS HAVE LISTED AS A STRONG BUY
Over the last 8 trading days, Oil has dropped from $44 to $40. Meanwhile, LGCY has simply held in consolidation.
Today Oil might be putting in a DCL and LGCY seems to be breaking above its 10 & 20 SMA.
Buying here @ 1.77 with a stop @ 1.62, or about 10%. Overall risk is < 1%.
I made a LOT of money in LGCY earlier this year, and then gave back a good chunk of...
LGCY looks to be completing an AB=CD pattern. Already past the 61.8% Fibo retracement. RSI is oversold and moving higher. IF CD=AB we could get to $4.50 from here which is greater than 100% return. With OIL moving higher this stocks downside looks minimal barring some FA issue.
I will post a few interesting energy stocks which I'm trading.
These are not all in trades, but if you buy just 500 or 1000 shares you can make easily 1000-2000 $ in 2-3 weeks.
If oil is making higher high - I think it will make - then these stocks can also skyrocket.
If oil stabilizes between 50-60$ this one will run to 6 $ in one year...