Daily Chart Breakout above red downtrend line Leading to a formation of a bullflag This will likely lead to a breakout to the upside and start a new stronger bull run
Contextual immersion trading strategy idea.
Titan Machinery Inc. owns and operates a network of full-service agricultural and construction equipment stores in the United States and Europe.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long...
Going long on break up. Process your way.
from Zacks:
Titan Machinery represents a diversified mix of agricultural, construction, and consumer products dealerships located in the upper Midwest. Their Shared Resource Headquarters is located in the heart of the Red River Valley in Fargo, ND. Titan Machinery is a dealer for Case IH, Case Construction, New...
NASDAQ:TITN the day is not over yet but so far, TITN looking like its on its way to breakout of its 2+ month consolidation to the upside. I came across this setup during my weekend research and have not had the chance to share it until now.
It will be interesting to see which way the Titan breaks from here. I have no idea but over 18.50 might be worth a shot long. Under 17.80 might be a short.
I been looking at this stock since for the past 5 or so days. The OBV was the first I noticed. With prices being steady with little range the OBV posted a higher low. After that the EMA 5 crossed the EMA 20 with the OBV moving up and upward momentum building shown by the RSI. I had trouble finding supply and resistance. Instead what I found was a cup formation....
