first week learning chartwith this i tried to give myself a simple way to read a chart when looking to hold a trade Long or whether i will buy a trade for a short sell. Still trying to learn exactly whats for what and lingo, hopefully soon.
RYAM trade ideas
RYAM - Flag formation Long from $17.54 to $20.83RYAM seems forming a flag formation, however it needs to break through its resistance. We think it can go up to $21 are if it can break above $17.54
* Trade Criteria *
Date First Found- June 6, 2017
Pattern/Why- Flag formation
Entry Target Criteria- Break of $17.54
Exit Target Criteria- $20.83
Stop Loss Criteria- $16.37
Please check back for Trade updates. (Note: Trade update is little delayed here.)
RYAM - RAYONIER LONGAfter the company reported better than expected 2016 first quarter earnings and revenue the price is pointing straight up. From a technical point of view the price in now above double bottom neckline and above 200 MA, showing a possible trend reversal on daily chart. Other details on chart.
