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Bullflagpattern

CETX: DIAMOND HANDS SWING TRADESo yesterday i day traded this stock in the first 30 minutes of the open. My favorite day trade strategy formed and i was able to buy in at 3.35 and sell at 3.60 within 15-20 minutes for a nice 8% return. However i got greedy in the afternoon and decided to reenter (with bigger size stupidly) for a sympathy bounce as price was flirting with support at the $2.85 range. I didn't end up selling with the crowd, which i think i should have done at the moment, but i put a stop loss on and headed to work. I noticed that i wasn't stopped out at work yesterday and seen that price is really trying to hold the $2.35 range. Looking back at the chart i see that at that level and the $2.00 level there is quite a bit of resistance. After reviewing this morning i decided to go with the diamond hands approach and only sell if price really destroys previous support levels. The longer this plays out, the more confident i feel about this having another run up (similar to INVO this month or WIMI from October to present) Price is really consolidating and holding the $2.00 area and forming a nice bullflag looking pattern. With this stock being on the SSR list tomorrow, holding $2.00 level and I believe there are some retail shorts looking to ride this down to the gap at $1.66 I think tomorrow can be very interesting. They also announce earnings on the 18th and beat expectations last earnings report. I also like their SmartDesk Product and surprised this is not more popular with the price point they offer it at. Well i hope some luck is on our side tomorrow so i can get out before without playing earnings, but if this holds $2.00 area tomorrow and does not have massive volume i will probably hold through earnings. Goodluck Traders! Please leave your comments below if your looking at this stock, or are like myself and hold a position. would love to hear others opinions on this one especially!
NASDAQ:CETXLong
by FinanceGuy204
2
USDTRY 7.64331 - 1.26 % LONG IDEA * CONTINUATION & STRUCTURE Hey everyone Here's a look at the DOLLAR / TURKISH LIRA * Many stars aligning with the Bulls on the lira the pair traded in a descending channel broke with the bull and we've been in a beautiful uptrend since. * looking for continuation patterns as we are already trading in one which is the bull flag, trading at a key level. * momentum with the bulls will be the trigger and price action * follow your entry rules on entries * significant moves with the bears change the plan. * TIGHT SL lets see how it goes. AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Long
by PULEMokhothu
6
DOTUSDT is creating a huge bullflag. 🦐The price is creating a bull flag on the daily timeframe. We are waiting for the breakout, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
2
USDTRY 7.347553 0% LONG IDEA * CONTINUATION PTTNS & PRCEGood day everyone Hope everyone is having a good one in the markets this week. ^ Here's a look a the DOLLAR / TURKISH LIRA * The pair broke out of the descending channel structure and pulled back for a retest of this structure signalling continuation. * Currently traded in a bull flag which saw a break above and a pull back to retest structure also possibly signalling continuation of this move. * Looking for the bulls to continue their rally to the upside Targeting resistance level 7.62266 * follow your entry rules on entries * significant moves with the bears change the plan. lets see how it goes. AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Long
by PULEMokhothu
2
MHH - Possible Bullish ScenarioFrom a fundamental viewpoint, Mastech Digital, Inc ( AMEX:MHH ) appears to be in great shape. In addition, when looking at a long term monthly chart, we have what appears to be a possible bullish flag scenario playing out. When we zoom in and look at the shorter term daily chart (shown), we see a clear downward trendline, acting as resistance, currently coming in at approx. ~$17.45 and falling. We also have big support coming in at an approximate range of ~$15.45 - 15.75. Should we see a break above the falling resistance line along with a daily close, I expect the bullish scenario to play out (shown in green). If it does, we will have buying entry points at both the breakout point and if we get the likely retest of the former resistance line (becoming support). Should we break below support along with a daily close, I expect the bearish scenario to play out, where we continue grinding down within the downward channel. I expect this scenario to be less likely based on the long term pattern and fundamentals of the company, however we can't be certain either way. Everything shared here is only my opinion and no results are guaranteed. Let's see how this one plays out. Good luck!
AMEX:MHH
by jstrasburger
ABCAPITAL - breakout from Bull flag + H&S pattern - SwingThe above analysis is done purely on basis of chart patterns and price action. The analysis is done on Daily TF hence target can be achieved in a couple of days to weeks Trade logic with, entry range, SL and Target is explained in image itself. Arrows are marked to show how price behaved on important levels. Don't chase the price. Always plan your trade & trade your plan Keep trailing SL accordingly once entered into the trade. This analysis is purely for education purpose. Kindly do your own study before entering into any trade . Also check out my other ideas to understand how price action works and how it can be used to make regular profits without any complex strategies. Feel Free to comment for any queries regarding the above stock or price action analysis in general.
NSE:ABCAPITALLong
by AdityaKarn90
2