I - Flag/fallen angel pattern Long from $3.25/40 to $4.40 & high
Updated
I (Intelsat) seems forming a flag formation in daily frame, and fallen angel in weekly frame. It seems breaking out of its long consolidation. We think it can go to $4.40 or higher.
Trade Criteria:
Date first found: January 25, 2017
Pattern/Why- Flag on daily, Fallen angel on weekly
Entry Target Criteria- Break of $3.40 or pull back to $3.25.
Exit Target Criteria- $4.40 or higher
Stop Loss Criteria- $3.07
Trade Status: Pending
(Note: Trade update is delayed here.)
Trade Criteria:
Date first found: January 25, 2017
Pattern/Why- Flag on daily, Fallen angel on weekly
Entry Target Criteria- Break of $3.40 or pull back to $3.25.
Exit Target Criteria- $4.40 or higher
Stop Loss Criteria- $3.07
Trade Status: Pending
(Note: Trade update is delayed here.)
Trade active
Relevant Updates:January 31st- Huge 7.12% upward move today, Looking very good as long.
January 30th- creating higher highs and higher lows. Looking Good!
January 27th- Nice 3% upward move, we are loving this as long.
January 26th- Traded into pull back entry at $3.25, traded much lower but closed at entry price. Looking good as long.
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