This is a nice setup for a short in one of the leftovers of last year's rally. Pattern is pretty much the same, bit of a squeeze now that the market has been rallying after the top, but weaker than many other names. Now we use this squeeze to get in short following the levels here presented with Red line SL, black entry level (give or take for you), Green line TP 1 & 2. GL
An example of an Ascending Triangle that has broken out bullishly 4D timeframe Bullish
In the case of AZPN, 6 of my algorithms signaled a SELL on April 6, 2021. Equities nearly always obey the signal and move down, but sometimes it may continue to move up first. All algorithms in the current instance are signaling overbought. I have placed two red boxes and two green boxes on the chart. The larger red box depicts all of the historical movement,...
AZPN idea can buy once Breakout trendline Disclaimer: If you choose to follow this trading idea you do so at your own risk after giving thorough and reasonable thought and consideration to your actions. All trading is high risk and one of the most difficult activities you will ever consider. Don’t trade with money you can’t afford to lose.
- The market broke with power . the line which served as support for the bullish trend . which became resistance after the small correction of March 9. - the market is always bullish . But he's starting to lose a bit of his strength. if it ever breaks (135.46) there is a probability that it will go towards around (149.40). - But for the moment the probability that...
2 Stop Loss positions, depending on your risk tolerance. Earnings Release created a large Gap Trade Opportunity. Stop losses at $112.60 or $110 - Profit at $140.
Signals: 1-bottons 2-trend (rising channel) 3-proved flags Buy 43.00 Stop 41.02 (-1 tic of flag's low) Target 48.00 Risk\return ratio 1:2.5