AcolyteTrader

AcolyteTrader

$BVT closed below the weekly EMA200 and subsequently priced moved back to breach the EMA200 and close above it. There is a clear level @17290 which has acted as prior support and resistance. Price will have to close above 18370 for a sustained move higher or risks being range bound.

AcolyteTrader Updated 

Sygnia having a wild break out of this bull flag. I missed the trade after price consolidation. Cross of the MACD on the Daily chart hints at further bullish momentum. Will be watching this one closely for an entry.

AcolyteTrader Updated 

$TSG breaking out again here from this C&H setup giving late comers a chance to make a bid. It's early in the trading day , lets see if the stock closes at this price. Orders placed.

AcolyteTrader

$WHL eventually breaking out of that resistance which was prior support at @5003 with a strong close above the weekly EMA200. I am already long the stock at @4900 and will be watching for a setup to add to my trade. An uptick in volumes with a MACD cross are indicating higher prices in this ticker.

AcolyteTrader

I could be squinting here but otherwise there is an IHS on NED. The RR wont be as good because it would seem price has somewhat moved a few points from what would've been a good entry. However I will be watching this stock looking for a pullback to get a better entry. Be cautious when trading against the trend as is the case here with the long term trend still...

AcolyteTrader

$TCP has broken out above the upper band of uptrend channel, had a pullback, retested the upper band and moved higher. There was a nice bull flag setup on the daily chart. Will have to wait for another setup for a long/short pos

AcolyteTrader

AFT has been in this strong uptrend for an extended period. Nice bull flag here in AFT. There have been a number of great buying opportunities with the pullbacks in this ticker. I am long while bullish sentiment remains in our market.

AcolyteTrader Updated 

Nice bull flag flag in ACL, could've timed a better entry but fortunately the price hasn't moved too fast. Plenty of risk in this trade with the long term trend being down and the weekly 200EMA looming above. Good risk management is key

AcolyteTrader

So I don't know I didn't publish this trade but its hindsight now and you cannot trade hindsight. However this was an excellent setup on $ACL with a bull flag and the volumes to support the move northwards. The ticker has been humbled by the weekly EMA200 for the near term. As I missed the initial move I will be looking at long pos with a close above the weekly...

AcolyteTrader

The uptrend in the Nikkei is intact. I may have been a tad late to the party here for this bull flag but because I already have a pos in this ticker I will add to my trade using my own risk management rules. A break below 28318 negates the setup for those with diamond hands

AcolyteTrader

So I missed this trade and it ran really hard. Time to sit idle until a pullback to the 300c. Sitting and doing nothing is part of this game

AcolyteTrader

The RR isn't great here but money is money. Triangle breakout with a target overhead of 543. Primary trend is down, be cautious when trading against the trend. Measure your risk accordingly