RIGL - Flag formation Long from $0.90 to $3.13 & higher
Updated
RIGL broke out of a downward channel, and now seems forming a flag formation. In hourly chart it seems forming a pennant formation. In breakout of both bullish setup it can go $3.13 & higher
* Trade Criteria *
Date first found- March 2, 2017
Pattern/Why- Flag formation
Entry Target Criteria- Break of $0.93
Exit Target Criteria- $3.13 & higher
Stop Loss Criteria- N/A
Please check back for Trade updates. (Note: Trade update is little delayed here.)
* Trade Criteria *
Date first found- March 2, 2017
Pattern/Why- Flag formation
Entry Target Criteria- Break of $0.93
Exit Target Criteria- $3.13 & higher
Stop Loss Criteria- N/A
Please check back for Trade updates. (Note: Trade update is little delayed here.)
Note
March 7th - Seems the flag formation did not work out. However keeping in list for couple more days. March 8th - Made a huge upward move today & hit entry criteria. Now wait & see situation.
Note
March 13th - Went up huge 7.46% today, and traded very close to opening price. Looking strong now.Trade closed: target reached
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