SRNE - Fallen angel type short term Long from $2.08 to $2.63SRNE seems forming a fallen angel formation. It may not be ready for a long term up trend but certainly ready for a short term push. It also has big insider buying on the 19th April. However We would look for a smaller play as stoploss is quite big here.
* Trade Criteria *
Date First Found- April 26, 2017
Pattern/Why- Fallen angel
Entry Target Criteria- Break of $2.08
Exit Target Criteria- $2.63
Stop Loss Criteria- $1.58 (May consider $1.64)
Please check back for Trade updates. (Note: Trade update is little delayed here.)
Angel
EEQ - Fallen angel type Momentum Long at the break of $18 EEQ is an energy stock that seems forming a fallen angel pattern recently. On the other side Energy sector seems breaking out of a downward channel & getting ready for a short term rally. Along with the Sectorial strength, EEQ seems an interesting Long set up.
* Trade Criteria *
Date First Found- March , 2017
Pattern/Why- Fallen angel
Entry Target Criteria- Break of $18 (Further update coming)
Exit Target Criteria- Momentum
Stop Loss Criteria- (Further update coming)
Please check back for Trade updates. (Note: Trade update is little delayed here.)
Sell at 0.61 RetracementAUDCAD already test fib 0.61 resistance.
Now after short cosolidation, we will see bearish direction to 0.96700 target.
