PACK- Prepare for a big pumpPACK- Prepare for a big pump
-ABCD pattern.
-Demand zone support.
-Key level support.
-Less supply vols.
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US STOCKS- WALL STREET DREAM- LET' S THE MARKET SPEAK!
PACK trade ideas
Looking for $PACK to tighten uplooking for $PACK to tighten up a little more while completing this base around 50 MA
Demand is very visible during its more recent run. Path of least resistance is resumption of the upwards trend.
New highs for PACKSame pattern failing off fib, bouncing off fib on the way down, and moving up >30%.
lets look for a dip entry first, then go long. neutral for nowPACK very low volume play so i prefer to look for other names with more volume and attention from big traders/hedge funds. we can look for dip entry around 23-23.5 around the blue line below, stop loss under the green trendline and target 26.4-28 after entry, risk reward isn't bad if we wait for a dip on this one. goodluck ! dont forget to like and follow for more :)
Entering a long positionPeople can do their own research into the fundamentals, but here's my chart.
Broken Resistance Becomes SupportTechnical Analysis 101.
Keep it Simple.
not a chart pattern i would trade a breakout on but good illustration of the Support/Resistance concept.
