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Bullflagpattern

Bull flag formingLooking to enter a trade in $SBUX following a bull flag formation. Waiting for: - confirmation of price above trend line at $86, - increase in volume, - MACD and STOCK giving stronger signal If trade is entered, will set stop loss below support around 84.15. Taking profit around 90.30, 93.5$ and 99$ depending on price movement. Time frame of the trade 4-8 weeks. **** This is NOT a financial advice, but only my opinion. Please do your own due diligence before investing. ****
NASDAQ:SBUXLong
by aristocks
AIONBTC Bullflag after a nice breakout on daily resistance 🦐AIONBTC creates a nice bullflag after breakout on daily resistance (blue one) IF the price breaks the bull flag According to Plancton's strategy, we can set a nice order IF the price retests with success the daily support we can expect a new inpulse ––––– Follow the Shrimp 🦐 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 Plancton0618 strategy will trigger.
ALong
by InkyGrip
2
TESLA From a technical perspective, Tesla has room to run. On the daily chart, we see a clear bullflag pattern is emerging. The stochastic RSI is ticking up above 20, volatility is below 50, and the bullish cloud continues to expand indicating a continued uptrend and strong support. The 1 and 4 hour timeframes are overbought. However, there are divergences forming on the 5m and 15m and if the divergences continue over, the overbought 1 and 4 hr will diverge, further reinforcing the case for a break above the flag.
NASDAQ:TSLA
by SpektreSignal
ROKU Bull Flag/Pennant - Breakout to New Highs?I can't believe I'm saying this, Long ROKU through ER. ROKU Bull Flags/Pennant on multiple timescales: 5min 30min 1hr ROKU has bottomed after completing A-B-C corrective wave within a long term bullish trend. ROKU is growing sales >40% y/y in a pandemic -ad sales >50%- while trading at a relatively subdued multiple to peer-metric stocks (sentiment informs multiple/valuation, not fundamentals today - get that in your head bears). After a nice move to breakout from A-B-C downward channel at $136 (without gap retest mind you - a trend that is becoming more and more familiar for those of you who like to inscribe rules into stone and not look at what the market is telling you: PYPL TWLO TSLA (so far) ZS etc) ROKU is in a bull flag, setting up for a move higher powered by earnings - right? ---Before I go on and on about this trade, I feel it best to say thatI am a ROKU bull if you couldn't tell, and the harshness of my tone is specific to this ticker as I feel it has not received proper respect (multiple) in markets relative to how market chooses to value peers. Having some fun with the 800-pound Bear in the room--- So then, Bears -hello Citron- is it lights out for you? I have a bull flag after a corrective 3 wave down which held lows, broke out of down channel, and maintained macro upward trend. GAME OVER BABY - Right? It's setups like these that make me a bit too hesitant. I am essentially betting that ROKU will beat and raise top and bottom line and show strong demand driven by targeted ads with higher CPM due to programmatic nature of platform (quite a mouthful!) - a move ala PINS; the market has it wrong and just you wait for the multiple change when you see the metrics! This is too binary for me, generally. If I don't get a perfect — for whatever reason, oh, you know, perhaps because GDP declined 9% sequentially or GOOGL (ad company to compare it to) just posted first EVER quarter of negative top line growth — then I'm done for. In fact, ROKU displayed exactly this activity during the downtrend channel last year through this year: it sold the -what I perceived to be- good news and looked for any metric to be bearish on. Notably the market has been overall bearish ROKU since IPO and this has been a key battleground stock. I would throw SQ in with that group as well. Battleground stocks are big opportunities and the long term TAM for ROKU as the winner(s) of the CTV market is huge. Hard to be bearish anything other than simply the idea of AMZN competing. What if there was room for a duopoly? So, of course, the question is - is this a bull trap or the end of the battleground? Are we beginning a strong Wave 1 up, are we in the beginning of Wave 3, or are we at the top of Wave 1 and due for corrective Wave 2 before strong Wave 3 to new highs? (Any -forex?- people that can give insight into my narrative would be appreciated. Just completely tear me apart, that's what'd I'd like: through destructive growth births.) Ok so I'll solve for X. I don't care what the reaction is to the downside because I am fundamentally long the company for years, not just for this ridiculously binary trade (which you'll see, I am in for the speculation, of course), I just need to manage risk well enough that I don't get killed in any knee-jerk pullback that was a bull trap (ala ER in February). To manage risk I cut shares of ROKU and am short Sept $150 puts at cost of $14 as replacement for my stock. Then, I bought August $180c for $5 as a speculative leg of the trade. Net credit is $9 with put sell breakeven above $136 (breakout level) and net b/e above $139 (Also am happy to roll down/out put sells if quarter was a dud). Potential gain is $14 on the sells + difference between realize Aug21 price & b/e which is $185. Stock breaking out to new highs would be above $176.55. With the bull flag that is setting up, I would not be surprised to see a gap to this level and run to $200 on a nice print. $210 even seems in the cards on a change of sentiment but again this is highly speculative and not likely, especially considering ROKU's history. If the print is truly a blowout I'll go into the aftermarket and pick back up my shares there. Happy trading all and always manage risk. Managing risk is what makes trades like this possible to me.
NASDAQ:ROKULong
by UnknownUnicorn7308096
2