BZUN - Flag formation Long from $17 up to $23.87
Updated
BZUN is forming a flag formation in weekly frame. It also formed an ascending triangle, which seems broken out recently. So we have short term target for ascending triangle & a long term target for weekly Flag formation.
* Trade Criteria *
Date first found- April 10, 2017
Pattern/Why- Flag formation (Weekly), Ascending triangle
Entry Target Criteria- Break of $17.03
Exit Target Criteria- 1st- $18.56. 2nd- $23.87 (weekly flag).
Stop Loss Criteria- $15.72
Please check back for Trade updates. (Note: Trade update is little delayed here.)
* Trade Criteria *
Date first found- April 10, 2017
Pattern/Why- Flag formation (Weekly), Ascending triangle
Entry Target Criteria- Break of $17.03
Exit Target Criteria- 1st- $18.56. 2nd- $23.87 (weekly flag).
Stop Loss Criteria- $15.72
Please check back for Trade updates. (Note: Trade update is little delayed here.)
Trade active
April 11th- Went up & hit entry criteria today. Now wait & see.
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