SONS - Flag formation Long from $7.84 to $8.77
Updated
SONS seems forming a flag formation. It had a nice pull back and in the hourly frame it seems getting in a point of breakout.
* Trade Criteria *
Date First Found- April 26, 2017
Pattern/Why- Flag formation
Entry Target Criteria- Break of $7.84
Exit Target Criteria- $8.77
Stop Loss Criteria- $7.33
Please check back for Trade updates. (Note: Trade update is little delayed here.)
* Trade Criteria *
Date First Found- April 26, 2017
Pattern/Why- Flag formation
Entry Target Criteria- Break of $7.84
Exit Target Criteria- $8.77
Stop Loss Criteria- $7.33
Please check back for Trade updates. (Note: Trade update is little delayed here.)
Trade closed manually
Relevant Updates:May 18th- John announced in Trade Setups for Thursday last night to kill this early as it was not looking good. Taking off list as a long.
May 11th- had a nice move higher today breaking out of resistance. We would update our stop loss criteria to $7.57. When this closes above $8.30 we would then update our stop criteria to $7.93
May 10th- continues to hold support and its pattern well. A break above $8.00 will be key.
May 2nd- Went up with huge volume and hit our entry criteria. Looking good as long.
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