728 - 7 months SYMMETRICAL TRIANGLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk.
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601728 trade ideas
Forward looking telco player Read latest article here
We have heard quite a fair bit about the upcoming 5G technology and how it is going to help us in terms of fast downloading , thus saving time,etc.
We are now living in a connected world where speed truly matters. More storage space, faster downloading, clearer image, etc. We want it and and we want it now. That's the stressful part of instant gratification. It becomes like a vicious cycle where customers demand faster turnaround and suppliers are competing with one another to churn out the next high speed device to counteract with its competition.
According to techrepublic.com, the top 3 countries with the most 5G networks are South Korea with 85 cities, China with 57 cities and US with 50 cities.
I believe the next decade we are going to witness a vast improvement in our communication and information sending and receiving.
The more advanced this technology becomes, the more I wonder if bricks and mortar business will have its footings , one decade from now ? How will the economy be like ?
A long term play Read this recent article here
The lowest price is 1.80 which I did not get for some reasons so I am hoping it would fall now to the next support level at 2.14 where I would deploy 25% of my capital to buy. If it falls to 2.00 , I would then deploy 50% more to go long.
It is highly unlikely that it would fall below 2 but there remains a possibility.....
I am bullish on this stock in the long run.