Pros: - Clear head and shoulders - High vertical distance - Nice volume contractions - Volatile stock - Average short interest (1.77%) - Rather close stop Cons: - Right shoulder is slightly higher - No clear longterm trend As you can see my suggested trade setup gives a risk reward of 2:1. If the stock behaves nice and breaks down, i think this is worth a...
we will wait for a confirmation into the retest of the broken resistance after than we will try to buy there
we will wait for a confirmation into the retest of the broken resistance after than we will try to buy there
Describtion is on chart ! good luck !
ascending triangle BO. Has held above resistance for 3 trading days
long setup. ascending triangle breakout triggered. Inside bar yesterday
Earning is over, and the stock recovered but not out of the woods yet. The chance that it will fill the gap is higher, and this classic head and shoulders's bottom suggests a price measurement of 18% from today's close. If you are not already in this trade, make your stop loss at recent swing low at $19.50 area with target price $24.50-$25.50. Join us woowtrading.net
Daily chart may suggest a possible break above the descending trend line and temporary upside move, but over the long term there is a possible breakdown and sustained down-trend to continue provided price fails to push above $20.55 area towards $25 area to fill the gap that scenario seems very small and downside target $11 area more likely. Join us www.woowtrading.net