MANH to $244My trading plan is very simple.
I buy or sell when price tags the top or bottom of parallel channels.
I confirm when price hits Fibonacci levels.
So...
Here's why I'm picking this symbol to do the thing.
Price at bottom of channels (period 100 52 & 26)
Stochastic Momentum Index (SMI) at oversold level
VBSM is spiked negative and under Bollinger Band
Entry at $215
Target is $244 or channel top
MANH trade ideas
Manhattan Associates (MANH)Asset Class: Stocks
Income Type: Daily
Symbol: MANH
Trade Type: Long
Trends:
Short Term: Down
Long Term: Up
Set-Up Parameters:
Entry: 273.88 (at the Breakout)
Stop: 260.94
TP 312.72 (3:1)
Trade idea:
A price pin into a daily demand zone formed by a rally-base-rally with Fair Value Gap , entered at 3rd closing candle as a confirmation for the up trend continuation. The setup has a 3:1 RRR. The RSI is oversold on the 4H , and heading up.
!!Be aware of pending Economic Reports. If price is within 20 pips of proximal value at time of major impact report, then Confirmation entry.
Trade management:
**When price hits 1:1 or T1, consider moving stop to entry in case of pullback.
**Disclaimer**:
The trading strategies, ideas, and information shared are for educational and informational purposes only. They do not constitute financial advice or a recommendation to buy or sell any securities, currencies, or financial instruments. You should do your own research or consult with a licensed financial advisor before making any trading decisions. The author assumes no responsibility for any losses incurred from following these trading ideas.
4/23/24 - $MANH print4/23 - stupid expensive 60x pe and just a "better" consulting company but probably beats lazy estimates in a "good" tape and would be a good short upon 1) beat and 2) pop into the coming months. good luck longs... either use this as exit liquidity if you've done the work or realistically you should have rotated to something else by now. lol.
MANHATTAN ASSOCIATES StrategyHey traders, MANHATTAN ASSOCIATES is in a push with a large buying volume issued with an upside down hammer candle. On the TIMEFRAME M1 we see a marubozu with a fake return of sales volume made, it came to a stop on the base of the bollinger. For arrival on the last precedent lower make a trend re-test its various points on the bollinger. in order to go to the VWAP after the breakage of its compression zone and check to go to the top of the stabilization zone for a new test of it.
Big possibility of breaking out the price with the momentum then then the zone to break into another and make a new historical high. With a strong chance of testing the top of the bullish channel followed by the symbolic number of 134.00 when the psychological plateau is reached.
Please LIKE & FOLLOW, thank you!
#MANH #stock #shortOn the daily MANH has formed an H&S within a larger declining wedge. All indicators point towards a downward breakout. stock has a 3.36 RRR. look for the July $3.15 put
weekly
all indicators pointing down. price action has formed a declining wedge. stock likely to breakout in next few months.
monthly
all indicators pointing down. price acton is trending down
Manhattan Associates Get Ready For The Possible ImpulseGreat Trade Available, We can see the impulse to the left and correction that may have be completed. we can't just jump into the trade immediately we need to watch this impulse that broke out of the C Wave corrective structure to make a pullback and then we have a solid buy opportunity, do not miss out on this trade! i'll post entries below in the comments when available.