The PEAD projected a bullish outlook for $AZN after a Negative Under reaction following its earnings release placing the stock in drift D
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NASDAQ:AZN
Possible Scenario: LONG
Evidence: Price Action
TP1~ 57.
TP2 ~ ATH
Call options, Strike 60$, 09/17/21
* This is my idea and could be wrong 100%.
This has the same anatomy as the Unlvr trade. I had my zones/levels at which i was looking for a good reaction (rejection) namely the weekly and monthly kijun levels, 7762 and 7876 respectively. Today's bearish candle did just that with reasonable volume and im in,two positions just as on the unlvr trade.
Entry: 7629
SL: 7916
TP1: 7015 (R:2.14)
TP2: ...
Chart pattern: Bull flag
Entry: 8014 (this would end the downtrend of the correction)
Stop: 6736
Target: 10985
Stopmanagement: ATR Stops daily chart default settings
Risk:Reward-Ratio: > 2:1
Description: The chart is forming a bull flag with a nice corrective pattern. Target is the 1:1 Fibonacci extension of the former impuslive move. The price...
Wedge Breakout
Price above SMA13
OBV > OBV SMA34
W%R Crossed -50
Entry 51
Stop 48
Target1 55
Target2 65
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
The PEAD projected a Bullish outlook for $AZN after a negative Over reaction following its earnings release placing the stock in Drift C
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
