Hello Traders,
This stock has come to my attention as a potential strong technical bullish play. I have outlined the potential long term Monthly Candle chart flag pattern breakout.
Now in order to confidently enter a bullish trade I ALWAYS dig thru the fundamentals of a company so I can confidently enter a position I can hold for over 3 months compounding the position size on shorter term consolidation breakouts.
Given the measured breakout of a flag pattern this potentially has the opportunity for a near 50% bump in the stock price. The minimum stock price increase I look for is 20%, anything less than that and I tend to move on from the trade. Keep in mind this is merely on my watchlist, and I never trade everything that goes on my watchlist.
Hope you enjoy my technical analysis on this stock. Cheers. =)
This stock has come to my attention as a potential strong technical bullish play. I have outlined the potential long term Monthly Candle chart flag pattern breakout.
Now in order to confidently enter a bullish trade I ALWAYS dig thru the fundamentals of a company so I can confidently enter a position I can hold for over 3 months compounding the position size on shorter term consolidation breakouts.
Given the measured breakout of a flag pattern this potentially has the opportunity for a near 50% bump in the stock price. The minimum stock price increase I look for is 20%, anything less than that and I tend to move on from the trade. Keep in mind this is merely on my watchlist, and I never trade everything that goes on my watchlist.
Hope you enjoy my technical analysis on this stock. Cheers. =)
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