Reply shares could be heavily pummeled down -28%Stock chart and stock price trend already highlight how this stock was and still, it's a speculative bubble.
The stock price could be heavily dumped -28%
REY trade ideas
What is a pennant?A pennant is a continuation pattern.
Statistics of pennant patterns
- In 75% of cases: a pennant’s continues in the same direction.
- In 15% of cases: a pennant’s continues tries to continue in the same direction but pulls back.
- In 55% of cases, a pennant continues in the same direction and reaches his target.
Notes on pennant patterns
- pennants with a narrow base perform better
- A pennant is stronger if there are no false breaks (false pattern exits).
- If their are pullbacks after exit from the pennant: its bad for its performance.
Reply, condizioni adatte alla rottura della vicina resistenzail titolo è tecnicamente in grado di proseguire il rialzo fino a 60.90/61.70 (target di tendenza), poggiano sui supporti di quota 51.00/51.80 e 47.80/48.80.
A quota 54.30/55.00 è posta una resistenza intermedia da cui potrebbe a breve scattare qualche provvisorio arretramento. I supporti costituiranno in caso di ribassi altrettanti potenziali punti si ripartenza del rialzo.
Intendo accumulare posizioni long da prezzi non superiori a 55.00 ed in caso di arretramenti fino a 49.30. Stop in chiusura daily sotto 47.80.
