Its been a long road but were finally here, watching the 236 to see if we can get above and hold. Monthly alarm on level canceled and looking for a daily pullback.
Oil is mainstream newsworthy now, attracting all the spergs>>
Invalidation would be simple, it breaks above the wedge.
Target could be bottom of wedge, support highlighted green, or maybe even lower... but will go down that road if we are closer...
(6/1000)
Bullish Pennant pattern for ATH on the Canadian market.
Not confirmed yet.
Pros:
1- PPS above 50MA and 200MA
2- RS above 0, but just a little
3- R/R ratio above 5
4- 250RSI above 50 but flat
5- 50MA above 200MA
6- Both 50MA and 200MA ascending
7- Golden cross circled in blue
8- Descending volume during flag forming
9- Volume during post forming
10- ATR...
so basically i noticed a pattern on this stock everyone bought in and pumped the stock at open and later heading to end of day it fell down and this is repetitive expect a few 2 or 3 days but in general was this way am gonna see for tomorrow too and maybe later publish it, am not sure if am correct with what am doing still learning so any information or correction...
Bullish Flag, confirmed (62PC)
Pros:
Volume during post formation
Descending volume during flag formation
Volume at break out
Golden cross in blue
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 9
200MA ascending
250RSI above 50
Target:
PT = 0.70$
Help how ever you can to keep this alive.
Thank you to those who have donated...
I had a couple of reply on ATH and i like this stock alot at this moment.
So this is the update, we are still looking at a classic correction.
If this wave break the top, this change the structure for a running flag.
The trend is still up at the end, i just think you guys are very overbullish on oil.
Trade at your own risk!
Another canadian energy company setting up for a potential trend. Broke the recent few month downtrend. Once the price gets above 1.40 this could be a very strong trend.
