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Hightightflag

NKLA Stock Patterns Suggest a Bullish Bias LONGNKLA on the one hour chart shows several stock patterns which may suggest a trader to sefely deploy a small portion of available risk captial here to have a good chance to make a profit. In the first instance, a "W" or " reverse cowgirl" pattern is seen as handrawn iin blue line. This is bullish like the "M" pattern is bearish. The second pattern is an assymetrical head and shoulders pattern with a rising to the right neckline suggesting a diagnonal rising resistance over future time. Lastly a high tight flat pattern is seen with the flag of consolidation. The flag pole is about 0.08 in height. Bullish continuation is forecasted by the pattern. The RSI indicator shows the fast green line cycling up and down and holding in the lows above 50. All in all this is decidedly bullish. Fundamentally, NKLA burns cash and raises more diluting its shareholders. OF particular interest to this traders, call options for a strike of 0.50 for Fri Feb 16 went from 0.60 to 0.26 or 4.5X of the course of the day. Stock shares or call options IMO NKLA is a buy - I am doubling my position and will watch it on Friday using indicator alerts on the 15 minute chart. while my screen is showing other action.
NASDAQ:NKLA
by AwesomeAvani
VINC continuation play LONGHere on the 30-minute chart is my idea for the continuation of my VINC idea posted here before the current breakout. Price is presently in a consolidation ascending regression channel . The choices for a play are to wait for a break above or below the channel or alternatively play the price action inside the channel. Since price is currently at the bottom of the channel I will go long with a stop loss under the channel. Upon reaching the top of the channel I will close half the position and then watch for a break of resistance or a rejection down and then trade accordingly. Overall, I believe that this is a high-tight flap pattern and VINC is accumulating gradually and will move higher when the accumulation saturates as per Wychoff's theory.
NASDAQ:VINCLong
by AwesomeAvani
DUOL- AI Translation Services for global apps LONGDUOL popped from a 5X earnings beat. I got into this trade last week with a little bump in relative volume and volatility off-screeners on tech upcoming earnings. The high-tight flag pattern typically forecasts a leg of a bullish continuation higher after some consolidation. Options for March 15 went 2.5X overnight. Half the position off the table taking profits. the other half awaiting the continuation. The risk here is those taking profit or short selling outnumbering new buyers chasing and causing a fade. Nonetheless, I see the potential for further profit and will assume the risk. profit
NASDAQ:DUOLLong
by AwesomeAvani
GDC - Bull Flag Consolidation to WatchGDC has ran up over 400% after coming out of nowhere to ascend parabolically over the past several trading days. Relative volume is about 5-10X the normal average volume in the past months. Price action consolidated as the early buyers took their profits. Consolidation is shown on the chart as a regression channel bounding the fade. This pattern is suggestive of a high and tight flag pattern on an narrow time span. I see this as worth watching especially if price can breakout of the channel especially if with an engulfing green bar ( big ass candle/ e line strike) confirmed with a volume spike over the running average. If so buckle up and be careful in riding the volatility. Be mindful, this could be a pump and dump. It is up 10X= 1000% I cannot find any news or catalyst. It may be in the mining and land development realm. This would be in the Calgary Canada area possibly building out whole new communities near mining or oil drilling operations. This could be manipulation. by insiders. No matter traders may pile into this. So far as I can tell it is difficult to short and no options. This is speculation. Probably only for the nimble to get in watch for a quick 100-200% return and get out to sell to the next wave of buyers stepping in.
NASDAQ:GDCLong
by AwesomeAvani
4
GNS Consolidated and Resting from Big Move LONGOn the 30-minute chart, I see GNS as a Bullish Pennant on a high flag pole in the big move yesterday with consolidation now. It is high in the VWAP bands and so at risk for a reversal to the mean. Pennants more often than not continue upside. To hedge, I have set two lines. If the price goes over the green line a buy stop long will trigger into a market price. If the price drops below the pennant height, a sell stop will trigger the short trade. One trade is on the other will not execute. Ask if you want my suggestion as to stop losses and targets. (EDIT - On the chart it is a flagpole not a flap pole !)
GLong
by AwesomeAvani
CTRM High Tight Bull Flag in Consolidation LONGCT CTRM jumped about 20% with earnings in my idea published as that was occurring. It is now in consolidation for two days on the 30 minute chart in what appears to be a high tight bull flag pattern. These patterns are typically predictive of a bullish continuation with decent reliability. The continuation can can be as much as the height of the flag pole which is about 0.13 and so a continuation could be in the neighvborhood of 13/57 or about another 22% higher. My trading plan is I will buy when price breaks above the flag's parallel channel with a stop los below the channel. If there is a breakdown I will consider going short with a stop loss above the parallel channel. Longside my target will be 20%. If I go short, I will target a 50% retracement and so about 10%. For the time being, CTRM is on my penny-stock watchlist as a long trade.
NASDAQ:CTRM
by AwesomeAvani
RAD Rite Aid Bull Flag consolidation RAD recently popped in a big way and on the 2H chart is now settled in consolidation about 67% above the prior base. That is to say, it is in a horizontal channel awaiting further volume and direction from traders. The bias is for a bullish breakout of continuation and momentum. Potentially RAD could rise the height of the flag pole but this seems unlikely given the current general market. the dual RS indicator shows support at the 50 level a good sign the retracement is over, The MACD lines are dancing around under the histogram. I am putting this on watch. If RAD goes over the top of the channel I will go long. If it goes under the channel I will go short. I could do both and hedge but that is complicated and with more risk. The stop loss is outside the opposite side of the channel. My target is a more up or down about 50% of the completed move represented by the flagpole. I consider RAD a mem stock with a potential short squeeze in process. Buckle up and drive safely. DYODD.
RLong
by AwesomeAvani
BULZ- a 3X leveraged FANG ETF High Tight Bull FlagBULZ on the one hour chart is showing a high tight bull flag which typically heralds a bullish continuation. The tight consolidation channel formed today at the POC line of the volume profile. The zero-lag MACD shows the lines under the histogram and about to cross. The histogram itself has dropped to a zero amplitude. The trigger for the bullish continuation is price rises out of the regression channel and above the POC line. BULZ is a triple leveraged ETF holding the FANG stocks including META, GOOG, AAPL, NVDA and all the others. BULZ could spend another day consolidated and then run the remainder of the week. The 17% run thus far could be repeated in the days to come mightful however of the leveraging. I see this pullback as a great entry into a stock pattern that typically results in a resurgence of bullish momentum. I have pasted onto the chart a little bit of a description of the high tight bull flag patterns and their utility in trading when found.
AMEX:BULZLong
by AwesomeAvani
ACHV preparing to Reverse SHORTACHC previously ran up in a high tight flag pattern in my previous idea. It has been slowly ascending in a narrowing channel. ( ascending wedge) There has been a little push in volume on the indicator as price has approached the upper boundaries of the channel. The average directional index has decreased into the " chop zone" where consolidation and lack of direction describes the price action. I see this an an opportunity for a short entry. I will watch things on the 1 and 5 minute charts for the best entry possible and the ride this volatile biotechnology stock a long as possible.
NASDAQ:ACHVShort
by AwesomeAvani
TNYA Biotechology Penny NASDAQ LONGTNYA has been in consolidation the past two days being in the flag of a bull flag pattern on the 1H chart. Earnings about six weeks ago were solid especially for a biotechnology stock which are generally priced based on future potential and not current performance. ( Fundamentally TNYA is in the gene splicing /slicing place which is perhaps the most lucrative and therapeutic of all of the various areas in the biotechnology realm. Seemingly, its potential is expodentially high. ) The zero lag MACD lines have crossed under the histogram which in general can be considered as a buy signal. The histogram has flipped to positive. Upside to the overhead resistance zone by the Luxalgo indicator is from an entry of about 5 to 6 or about 20%. Very recent high relative volume as compared with the 50 day moving average further supports a long trade at this time. The stop loss would be $.02 below the POC line of the volume profile. I will play this with options to further leverage the price action. Both options and stock are inexpensive for a small account.
NASDAQ:TNYALong
by AwesomeAvani
GANX Biotechnology Penny Stock Uptrending LONGGANX had been in a tight consolidation channel prior to April 12th. This is the uncommon high tight flag pattern. Once breaking out, the typical guidance is the next leg up will be at least the distance of the flagpole portion of the pattern. On April 12th, a new chief financial officer was appointed to Gain Therapeutics. ( see the link below ) This is part of the push to generate earnings while still developing a pipeline and potentially the first profitable FDA-approved product. Another view is the company is trying to clean up its balance sheet and make itself into a takeover target. One way or another I will not argue with a potential path to shift the fundamentals nor with the high tight flag pattern breakout. The last session of the week had a massive wide- ranging engulfing green candle. I will look for more of the same. The final target is $6.15 as the top of the wick of that candle while the first target is $5.80 being the top of the upper VWAP band.
NASDAQ:GANXLong
by AwesomeAvani
BTBT a crypto equity play in a Bull FlagAs seen on the 4H chart, BTBT is triggering a breakout from a High Tight Flag Pattern ( see the link below) supported by the MACD crossing the zero line from below and the ADX indicator showing the beginning of a bull trend abuve the green line at ADX 20. Earnings are soon upcoming on March 29th and the prior earnings were decent in the middle of " Crypto Winter" which is now rapidly thawing into the spring. RIOT and MARA are breaking out BTBT is about to follow those leaders. A trader would be "chasing" after the latter but taking a BTBT trade would be getting to the party just on time. The call options table shows the 4/21 $1.00 strike at $40 premium which rose 50% on Friday. I see this as an earnings play off the flag pattern with great upside potential in the context of the resurgence of the cryptomarket while banks with fiat currency have significant challenges ( or collapses depending on what version of chaos you see,)
NASDAQ:BTBTLong
by AwesomeAvani
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