Trend continuation Open 45 TP 62 SL 43 RR 7
Perfect falling wedge pattern on #SPR $SPR . Follow me to be alerted about best technical patterns in the #StockMarket #stocks #stockstowatch #trading
The stock is forming a bearish descending triangle because its under the both EMA20/50 and the market started to drop (I think this SPY500 decline will be long). So I'm bearish for this stock. Good risk/reward ratio. I'm going to open a short position after breaking below the support $43. REMINDER: I'm not a financial advisor !
SPR has broke out of the $41 resistance and is looking to go towards the $55-$60 resistance. There's an inverted head & shoulders pattern on the daily chart (granted! this is not how h&s/ inverted h&s are being interpreted but per my observation, it seems to be equally effective as well), with a weak right shoulder..which is a very good sign of a strong break...
Just like many of the aerospace and travel stocks it seems poised to make a bullish move on the back of positive Covid data and the revivals of Airlines fortunes. We have our alert set on the top of the channel to be prepared for a break into a area of low volume resistance.
EMA50/200 as support zone Daily Wedge pattern, wait for Breakout Gap up Entry 38 Stop 32 Target1 50 Target2 65 2/3/2021 Earning Date, May Trigger the Gap. I am not a PRO trader. I trade option to test my trading plan with small cost. The max Risk of each plan is less than 1% of my account. If you like this idea, please use SIM/Demo account to try it.
Hey guys, SPIRIT AEROSYSTEMS HOLDINGS is in a bullish dynamic fake with low traded chat volume and an upside down hammer candle. In the TIMEFRAME M1 we notice a marubozu with a high volume of purchase passed it goes on the top of the equilibrium zone to test it. Great breakout potential caught him in the right area to interfere in the next and land on the last one...
MID-TERM: Bullish hammer candle with a bull flag and potential hidden bullish divergence on the 4hr (Not financial advice)
If you are liking BA , then you should be loving the stock of SPR , a major supplier to the aerospace giants. Alert set for break above $38.50 Targets $41.75 - $46.75 - $51.00 Major drop in volume resistance above $38 Caution needed as the stock is overbought, but id Boeing rallies SPR will follow regardless.
Monthly Strong Downtrend due to Covid and lost of orders on Boeing. Weekly Strong uptrend with Gaps Restoration of industry. After retest ( Double Bottom) Daily Uptrend OPEN LONG 34 SL 29 TP 50 and 62 RR 6
SPR rallying from the lows on the possibility that the MAX gets certified & the forward thinking rise in T&L stocks as the vaccine becomes a reality . Potential long entry above $31.90 Targets price $34.00 - $36.79
This will be a long-term hold! Main supplier for Boeing & Airbus. Be prepared to hold this for 3-5 years.
The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge. When this pattern is found in a downward trend, it is considered a reversal pattern, as the contraction of the range indicates the downtrend is losing steam. A...