An intraday high potential, Back Tested Long Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
Write sometning about your psyhology thinking before trade? I am ok and prepare to trade. Because I calculate the positive januar the year should be up and because of that I became bullish.
Describe the trade. What you see? This is a ascenditng triangle and the price will go throug resistance and advance substatialy
What have I done well for this trade? enter...
Playing a trade simulator game:
I took a chance and bought 1000 shares at $15.43 on 3JAN18.
On 4JAN18 I set a trailing stop at 20 cents.
It executed that day at $16.65.
Profit of $1220 less fees.
I might try that again next week.
Strong buy signals remain for short-, medium-, and long-term investing.
At this point what could signal a downturn before a drop in price???
Oil prices begin to lose strength upward, which added to the possible recovery of production in Canada and the termination of some problems in the East, will affect fall in prices so that the shoulder head shoulder pattern would accelerate clearly and quickly.
In this new version of graphic analysis, several factors that are supported by the fundamentals of the company, by direct effect of current oil prices and the average of the oil-price in the first quarter, as well:
1. Clarity of divergence between price and RSI, denoting a next correction.
2. In reference with Elliot waves, the magnitude of the price advance...