Breakout!i] Reasoning
Good Relative Strength
Great earnings
Breakout on good volume
Always try to use 2 timeframes
My Would Be Trade Plan
- Risk about 1.5ATR and aim to ride up to 4.5ATR (1:3)
- Raise stop once Trade moves 2ATR in your direction
- Add on new highs after a pullback. (Then raise stop to keep original risk and also do not modify the target price)
Main Sources of My Knowledge
Mark Minervini
Constance Brown
William O'neil
Speakers on Trader Lion Youtube
Adam Khoo
My Indicators
14 Period RSI.
9SMA and 45EMA Moving Averages added
Composite by Constance Brown
This is for catching failures in the RSI.
The RSI is a bounded indicator so sometimes fails to catch divergences. This indicator helps show that
Composite Settings
Author : Constance Brown (Connie Brown)
RSI Length : 14
RSI Momentum Length : 9
SMA Length : 3
Fast Simple Moving Average : 13
Slow Exponential Moving Average : 33
OSG
Overseas Shipholding Group bringing in the goods. OSGWe are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
Its readyThis is highligh technical play with loads of false signals historically. We have a tripple depth break with very high volume happening after earning smonths, in line with historical performance. There is a cup like formation (dont like to say tea cup cause there is some details that need to line up perfectly to call it) with a neckline break on an ascencing trendline.
So its good, real good.
Daytraders Trail stops all the way 1,2,3,4 and then just let it fly after 4 if you are a holder. This is a trade that works best with over 500 shares for daytrading, 1000 ideal.
Good luck
OSG - Technically good long from current label to $5.67Technically OSG looks good long from current price. Moneyflow just crossed to the positive side, and it is going up holding above EMA lines.
Trade Criteria
Entry Target Criteria- Break of current label
Exit Target Criteria- $5.67
Stop Loss Criteria- $4.23
You can check detailed analysis on OSG in the trading room/ Executive summary link here-
www.youtube.com
Time Span- 2:50"
Trade Status: Pending
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