Atomic Supersonic Blaster Ascending Triangle and Virgin Trend
Ladies and gents we have a confirmed ascending triangle on a close above 5.20 today. We also have a virgin trend on our hands.
Entry: Buy as much as possible between 6.10 and 5.20
Target 1: 7.50
Target 2: 8.90 (ATH)
Add, cut, close at the ascending triangle measured move target of 7.50
Add, cut close on successful consecutive closes above ATH. (virgin trend)
Close 20 day lows or lower high lower low
Stop out of prelim position on a close below 4.10
Entry: Buy as much as possible between 6.10 and 5.20
Target 1: 7.50
Target 2: 8.90 (ATH)
Add, cut, close at the ascending triangle measured move target of 7.50
Add, cut close on successful consecutive closes above ATH. (virgin trend)
Close 20 day lows or lower high lower low
Stop out of prelim position on a close below 4.10
Comment:
Note, this idea requires a daily close above 5.20 to be valid
Trade active:
Entering position at 5.70. Will buy down to 5.20.