Volvo short on breakout halfway retest.
H&M broke out of the bearish triangle. Entry on breakout, stoploss inside triangle. Low risk high reward.
Possible head and shoulders bottom forming.
Trade plan for $CO. Entered just before breakout with stoploss on bottom of flag. After breakout the price came above 200MA. Next target is next support and will be watching the 200MA support of price falls down. Trend looks like it is reversed from Januari 2018.
200MA seems to be a very strong support to go LONG. With stoploss on max -5%. If it falls trough that support next support level line under
I am looking for potential trades to enter MA wise. But in this case the MA's aren't perfect, but in my option the bullflag looks really nice. @experts: Is this a good trade to enter or should TA + MA be perfect to join?
I am very new to charting and tried to draw some lines which made sense to me.