Get started

Flags

PACB - Buy the dips (Anatomy of a multi-bagger)Recently there are many small stocks that broke out of a long term base spanning 2 years or more. How do we identify penny stocks with good odds of being a multi-bagger? PACB is one such example with the right criteria that increased it's odds of having a trend that is sustainable to great extends. Criteria: 1. long term base/bottoming formation (preferably 2 years or more) 2. breakup of a long term resistence with good volume (scroll out at least 2-5 years to see this resistence). This is when we first begin to stake. 3. retest of this breakup level several days or a couple of weeks later. Rejecting this level will affirm that the long term resistence has now turned support. 4. Began a strong uptrend with short term retracement that is usually not more than 38% of the last swing up. Pennants and flags are usually seen during those dips. We can add to our positions (especially in the initial few dips) and raise our trailing stops to several ticks below the last dip. However this could mean we get stopped out prematurely at times and might need to re-establish positions if the chart looks right again. Remember we are talking about odds here, not guarantees. :) Money management and position sizing is still needed to ensure we do not lose our pants should the trade not work out. Good luck! Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
NASDAQ:PACB
by Juliac
3
ETHBTC is inside a bull flag 🦐$ETH.X if the price will have a breakout from the bull flag and weekly resistance and retest it like new support, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
6
LTCUSDT broke a weekly support 🦐LTCUSDT broke a weekly support and now the price is testing it like a new resistance. The price creates a bear flag, IF and only IF the price will break the 4h support According to Plancton's strategy, we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Short
by InkyGrip
short position closed at BEThe bearish engulfer never managed to gain its full momentum. Stops were moved to BE, which we hit earlier today... the lower time frames are showing a very clear flag. I am not looking to trade this for 2 reasons... the first of which is: We have lower volumes through the correction of the flag itself, however the hammer down candle right in the middle shows higher volumes. So structure is looking bullish, but price action is casting some doubt over this for me for now. Secondly: This is a 15min view pattern... Given the fact that the US Session will be slowing and seeing decreased volumes, this is unlikely to carry any real momentum overnight simply as there will be minimal fuel in the tank throughout the asian session. I am unlikely to trade this tomorrow as its NFP.
Long
by TeePeeFX