After a downward streak for the past 2.5 weeks, SURF finally presented a bullish "Morning Star" candlestick pattern. If you are not sure what this pattern entail, just google it and you will find plenty of info.
Go Long as soon as price makes a new high from today's candle (7.39) with an initial stop several ticks below the pattern's low @ 6.84. I will be attempting to ride it to an intial target of 9.50 (trail protective stops upwards) where we could have some serious resistence there. Risk:Reward of 1:3 for this trade.
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Do give me a thumbs up if you agree. Feel free to let me know what you think! :)
Go Long as soon as price makes a new high from today's candle (7.39) with an initial stop several ticks below the pattern's low @ 6.84. I will be attempting to ride it to an intial target of 9.50 (trail protective stops upwards) where we could have some serious resistence there. Risk:Reward of 1:3 for this trade.
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Do give me a thumbs up if you agree. Feel free to let me know what you think! :)