Ascending Triangle, confirmed (86PC)
Descending volume during formation
Golden cross in blue
PPS above 50MA and 200MA
RS above 0, and ascending
R/R ratio above 17, high
250RSI above 50
No volume at break out
PT = 20.27$
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just buy and hold, i suppose you know all fundamental reasons for this bullish position, if not, just go and do your dd.
incase you don't understand this chart, thats fine.
the blue big lines are value areas: where ppl love to buy and sell, and the red lines are the peak of that va in that range of time and price.
green was where i should've bought, but since i...
• Why enter? Closing over 5ema showing short term strength. Bull flag on the daily chart. Found support on the 20ema yesterday.
• Entry: 11.12
• Stop loss: 10.73 (-3.5%)
• Profit target 1: 12.00 (7.9%)
NYSE:PUMP ’s Friday candle made a bullish close over both the base and conversion lines, with an impending bullish crossover of the conversion line over the base line. On top of that, there was a huge spike in buying volume. Entry is 1 penny above Friday’s high, with initial stop 1 penny under Friday’s low.
$PUMP - PROPETRO (PUMP:NYSE) - Broken resistance
Has been performing well since the start of the year with a nice consistent uptrend supported by volume that has helped it break through old resistance and continue its run.
Also figured I can't go wrong with a stock with "pump" as its code.
Even though 100% gain in less than 6 months is quite impressive, I can hardly believe that the intrinsic value of PUMP has also changed to the same extent. Beginning of this month, bulls attempted to record a new all-time high, but they failed. My guess is that they are still in control, but their back is broken. Thus, I anticipate seeing another failed attempt...