Strong risk/reward trade on Home Capital Group $HCG, reasons shown below:
Reasons:
- Bull flag formation on the daily chart
- Breakout of bull flag triangle on daily
- Price has found a base, bouncing off of the shown moving averages
- MACD about to turn positive, close to zero line
- RSI breaking back above moving average
- Good risk/reward ratio of 4
- Pullback has been on relatively low volume
Reasons:
- Bull flag formation on the daily chart
- Breakout of bull flag triangle on daily
- Price has found a base, bouncing off of the shown moving averages
- MACD about to turn positive, close to zero line
- RSI breaking back above moving average
- Good risk/reward ratio of 4
- Pullback has been on relatively low volume