Long
INFI - Pennant formation long from $2.50 to $4
INFI seems breaking out of a pennant formation. There is a potential for upward channel formation as well. However both pattern suggests upward movement & we think it has good upside potential up to $4.
* Trade Criteria *
Date first found- February 14, 2017
Pattern/Why- Upward Channel; Pennant formation.
Entry Target Criteria- Entry around 2.5-2.58 (Hit February 14, 2017)
Exit Target Criteria- target 1 $2.97 and Target 2 $3.18. Long term target of $4.00
Stop Loss Criteria- $2.33
Please check back for Trade updates. (Note: Trade update is little delayed here.)
* Trade Criteria *
Date first found- February 14, 2017
Pattern/Why- Upward Channel; Pennant formation.
Entry Target Criteria- Entry around 2.5-2.58 (Hit February 14, 2017)
Exit Target Criteria- target 1 $2.97 and Target 2 $3.18. Long term target of $4.00
Stop Loss Criteria- $2.33
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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