Follow up on the bullish pennant I had on the daily on April 22nd.
This time, bullish flag on the weekly chart. Confirmed.
Pros:
1- Bullish Flag, confirmed on the weekly.
2- Post formed with volume
3- Descending volume during flag formation
4- PPS above 50MA and 200MA
5- RS above 0, but a bit flat
6- R/R ratio above 5
7- 50MA above 200MA
9- 50MA ascending
10- Broke out of flag week of May 8th with volume
11- Golden cross.
Cons:
1- ATR a bit flat
2- Pattern not confirmed yet.
3- 250RSI unavaible on the weekly chart. Too new.
4- 50MA descending, for now.
Target price is 10.63$. Very similar to what I had on the daily pennant chart.
Again, stay humble, have fun, make money!
MAAX!
This time, bullish flag on the weekly chart. Confirmed.
Pros:
1- Bullish Flag, confirmed on the weekly.
2- Post formed with volume
3- Descending volume during flag formation
4- PPS above 50MA and 200MA
5- RS above 0, but a bit flat
6- R/R ratio above 5
7- 50MA above 200MA
9- 50MA ascending
10- Broke out of flag week of May 8th with volume
11- Golden cross.
Cons:
1- ATR a bit flat
2- Pattern not confirmed yet.
3- 250RSI unavaible on the weekly chart. Too new.
4- 50MA descending, for now.
Target price is 10.63$. Very similar to what I had on the daily pennant chart.
Again, stay humble, have fun, make money!
MAAX!
