The broadening pattern remains of interest for a speculative trading opportunity.
A price action above 98.50 supports a bullish trend direction.
Further bullish trend support above 101.00.
Consolidation price range from 100.00 to 102.50.
Crossing above the 102.50 resistance level might target 106.50 and beyond.
Crossing below the 100.00 support level might be the...
Allegion plc is an American-Irish provider based in Dublin of security products, for homes and businesses. It comprises thirty-one global brands, including CISA, Interflex, LCN, Schlage and Von Duprin. The US$12 billion company sells products in more than 130 countries across the world
Growing global trend and penetration of local resistance line is a good opportunity to open long positios. Price supporting line is a small growing trend. The target price is $141. Stop limit price is $130. Upside around 8%. Profit/loss ratio ~ 3:1.
ALLE respected the resistance twice. A strong move through or over the resistance can start an uptrend.
A great entry would be a little above the resistance with a stop loss under support.
Hi mates another interesting idea with high Risk Reward!!!
As you see by two trendlines, uptrend in ALLE is incrasing in momentum. Now its definetely nice entry sweet spot on demand zone in 106 - 109 area. Target area is next supply zone at 119.30 - 194.36
My setup is following:
------------------------Trade setup ---------------------------
Entry: 109.80
Stop...
Hey people, ALLEGION PLC OPERATION is in a fake bearish configuration with a return of issued buy volume and an upside down hammer candle shape. In TIMEFRAME M1 we see a marubuzo with a stable volume of sales made, it will make a trend reversal on its last low point. And it goes on its base of the bollinger to reach the highest of it. After the VWAP will be tested...
Descending Triangles are repeatable trading chart patterns.
Descending chart patterns will have a directional bias depending on the previous incoming trend (Short Trade).
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
Whatever time frame you are trading this chart pattern, wait for a candle close outside...
There is a nice flag pattern today. The stock went up a lot on earnings and what we see after a big day like that? A retracement with low volume because that means that all these buyers who bought on earnings , then they are taking profits or are doing nothing so that make the stock to stall. Now, today the stock regain its strength from earnings and went up with...
