Long

ECPG - Ascending triangle breakout trade from $30.57 to $34.33

Updated

ECPG showing strong upward momentum. Seems forming an ascending triangle formation. Very strong Moneyflow. We think it has very strong upward potential.

Trade Criteria
Entry Target Criteria- Break of $30.57
Exit Target Criteria- $34.33
Stop Loss Criteria- $28
Trade Status: Pending

(Note: Trade update is delayed here.)

Note

January 31st- Strong reversal, went up 4% today. Looking very good as long.
January 30th- Declined further & closed below EMA lines, it's getting weaker.
January 27th- Seems rolling over, not looking very good as long. We would like to watch few more days.
January 23rd- Uptrend resumed after adjusting to EMA lines, we like it as long.
January 18th- Showing upward momentum, looking very good as long.
January 13th- Traded into opening price. Now wait & see

Note

February 1st- Another 2.75% gain & made a higher high. Very good trade so far. Updating stoploss to $29.31
February 3rd- Nice 2.55% upward move today, and made a higher high. Looking very good as long.
February 6th- Uptrend is continued with another 1.86% gain today. Total 7.3% gain so far. Updating stoploss to 30.33.

AcornWealthCorp

Like what you see? Get full access to our 3X daily members only video/txt alerts & live trading room at smartmoneytrading.com/now

Check out some of our free video examples @ smartmoneytrading.com/insights/

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.