X9P trade ideas
CHX: Ascending Triangle, Confirmed (46,31%)(11/1000)(11/1000)
Ascending Triangle for CHX.
Confirmed. Possible 46% gains.
Pros:
1- Bullish Ascending triangle
2- Descending volume during formation
3- PPS above 50MA and 200MA
4- R/R ratio above 5
5- 250RSI above 50 and climbing
6- 50MA above 200MA
7- 50MA and 200MA ascending.
8- RS above 0 and climbing
Cons:
1- ATR is descending, less volatile
Target price is 48,24$.
Again, stay humble, have fun, make money!
MAAX!
CHXThere is not a strong hidden divergence on the CMF, as well as the RSI in the overbought zone.
There was a payoff of a good level, it was also possible that it was a technical slip. Ideally, we should already wait for 23.45 to make it clearer what is with the price, since we can go lower as part of a large complex correction. Because even though it is a chemical industry, it is tied to the oil and gas industry, and oil may go into correction now.
CHX: Bullish Pennant, awaiting confirmation (39PC)Bullish Pennant, awaiting confirmation (39PC)
Pros:
Volume during post formation
Descending volume during triangle formation
Volume at break out
Golden cross in blue
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 6
200MA ascending
250RSI above 50
Target:
PT = 30.72$
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Always do your own due dilligence. This is not financial advice
Stay Humble, have fun, make money!