un533nX

un533nX

Im taking a long position on Lunc. Entry 0.0002400 TP1 0.0002533. I based this analysis on the cross over the 50 day MA on the 4hr chart. To me it looks like it tested the 50MA on the way down and had a clean bounce. What are your thoughts?

un533nX

Possible break up towards .11 in the short term if this bull flag plays out to the upside. I have my Stop Loss at .071 and Take profit at .105 in case the pattern breaks to the downside or doesn’t reach .11. Please comment if you are seeing something different. Happy Trading Everyone :)