Swingtradingsetups
NTR - 7.85% Profit Potential - Ascending TriangleNTR is a fairly volatile stock. Keep this in mind when you trade it. The risk can be higher.
While an Ascending Triangle has clearly formed, the price hasn't confirmed the support line yet. However, the risk exposure is minimal and it might be worth a shot.
- Target Entry: $59.11
- Target Stop Loss: $58.18
- Target Exit: $63.66
- Risk / Reward Ratio: 4.89
About me
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
BK - 7.90% Potential Profit - Bullish PennantThe level of confidence in this trade is moderate. While I like this setup, I am not fully convinced about the target price.
Bullish pennant formed after a 6-month bull run, betting on momentum keeping going.
- Target Entry: $50.32
- Target Stop Loss: $49.34
- Target Exit: $54.22
- Risk / Reward Ratio: 3.98
About me
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
Which Will Win? Breakout Trade For The Short or IHNS?On the 4hr time frame, I see an inverted head neck and shoulders. But on the daily timeframe , I just see consolidation. So what I'm looking for this week is to see if the IHNS will complete and be respected, or is this the beginning of a swing sell? We'll know for certain this week.
Intraday TPs were added upon request this week.
BULL TPs:
• 1.39715
• 1.40003
• 1.40463
• 1.40745
• 1.41127
• 1.41741
BEARS TPs:
• 1.38865
• 1.38637
• 1.38289
• 1.38089
• 1.37845
• 1.37629