He saw a nice earnings gap up in a strong name and watched it over the coming weeks for consolidation. That consolidation took form of a bull flag which prompted a purchase price in the 64-65 range and continued to monitor it on both the 8 day SMA and 21 day SMA. Anything trailing above the 8 is good while if it were to dip below its a sign to shave some stock off. Same goes for the 21 day SMA. Sold at the end of a big day selling off for around 106. 31-1 risk reward.
Pierre Bitar
After an earning gap with strong demand, consolidation during few weeks. Bought at 67 / Stop at 64,50 / TP: 80. (2,5 risk for 10 reward). Use the SMA 8 for trailing the trade. Scaled out some at 80 when crossed down the SMA8 but kept on going along the SMA8 until a big red candle at the top, took partial profit at the end of this day (almost low of the day) and took the rest the day after.
Anthony Blin
First he saw a nice gap up from positive earnings with a nice tight consolidation period of around three weeks creating really tight risk reward for his entry was on the break of the inside day candle with stops at the lower inside day candle he took some stock off when candle closed lower than the eight day simple moving average he got shakin out of a bit of stock here, Then he just lets it run trailing stops off the 8 day SMA,
Dtmx
Shake game plan is buy the stock when it broke resistance at 64 risk 2 $ and aim for $10+. The flag including bull flag + consolidated moving average. When the stock move higher, it adjusted down sometime but it should be patient to let the stock perform itself. 70% up is the reward for a A+ set up and a patience
Ha
He saw the large gap up along with consolidation. He identified an inside day right before it broke resistance which is a strong indication of it gapping up. He took profits at 5:1 risk and then rode the rest up for more gains. I’ll be looking for charts like this, great growth with tight consolidation. Hit my risk reward ratio, sell a bit, and hold on to my winner
He saw a nice earnings gap up in a strong name and watched it over the coming weeks for consolidation. That consolidation took form of a bull flag which prompted a purchase price in the 64-65 range and continued to monitor it on both the 8 day SMA and 21 day SMA. Anything trailing above the 8 is good while if it were to dip below its a sign to shave some stock off. Same goes for the 21 day SMA. Sold at the end of a big day selling off for around 106. 31-1 risk reward.
After an earning gap with strong demand, consolidation during few weeks. Bought at 67 / Stop at 64,50 / TP: 80. (2,5 risk for 10 reward). Use the SMA 8 for trailing the trade. Scaled out some at 80 when crossed down the SMA8 but kept on going along the SMA8 until a big red candle at the top, took partial profit at the end of this day (almost low of the day) and took the rest the day after.
First he saw a nice gap up from positive earnings with a nice tight consolidation period of around three weeks creating really tight risk reward for his entry was on the break of the inside day candle with stops at the lower inside day candle he took some stock off when candle closed lower than the eight day simple moving average he got shakin out of a bit of stock here, Then he just lets it run trailing stops off the 8 day SMA,
Shake game plan is buy the stock when it broke resistance at 64 risk 2 $ and aim for $10+. The flag including bull flag + consolidated moving average. When the stock move higher, it adjusted down sometime but it should be patient to let the stock perform itself. 70% up is the reward for a A+ set up and a patience
He saw the large gap up along with consolidation. He identified an inside day right before it broke resistance which is a strong indication of it gapping up. He took profits at 5:1 risk and then rode the rest up for more gains. I’ll be looking for charts like this, great growth with tight consolidation. Hit my risk reward ratio, sell a bit, and hold on to my winner