✳️ SYS | Flag Pattern Formation🚀 Stock Alert: SYS
📈 Investment View: Technically Bullish 📈
🔍 Quick Info:
📈 Entry Level: 410
🎯 First Targets : 436
🎯 Second Targets : 449
⚠ Stop Loss: 400
⏳ Nature of Trade: Short Term (Scalping)
📉 Risk Level: Medium
☪ Shariah Compliant: YES
💰 Dividend Paying: NO
📰 Technical View: The current price action is indicative of the formation of a flag pattern, suggesting a potential breakout towards the resistance level of 436. This level is deemed as the initial target. Further breakthrough and sustained movement may propel the price towards a second target approximately at 449. Conversely, in the event of a downside breakout, employing a stop-loss strategy at 400 is recommended to mitigate risk exposure.
SYS trade ideas
Will SYS breaks its triangleSYS is showing bullish divergence with RSI on daily time frame. Pull back is observed after testing ascending trend line of the triangular pattern. First resistance lies at the touch of upper triangle line around 438 and if it breaks and sustains then second resistance lies around 450. Risk is define below 405 break below of the structure.
SYS:PSX is in process of making a Bearish AB=CD patternSYS:PSX on 1H timeframe is in process for making a potential AB=CD pattern. No divergence presently exists. Therefore Long Order 1 (Buy Stop) has been placed above point B with SL set below point C. TP1 and TP2 have been set for Long Order 1. PRZ has been projected at potential point D however confirmation and Short Entry shall only be made if Bearish Divergence forms at Point D.