Write sometning about your psyhology thinking before trade? I am ok and prepare to trade. Because I calculate the positive januar the year should be up and because of that I became bullish.
Describe the trade. What you see? This is a ascenditng triangle and the price will go throug resistance and advance substatialy
What have I done well for this trade? enter...
ECOPETROL NYSE:EC is currently undergoing an extended Cycle Wave 1.
The Chart currently is showing a BULL FLAG and is looking to break out.
Near-term (3-6 Month Target): $30
-AB
look at EC its beautiful deep buy i can see the hammer with huge volume confirmation to the upside! i don't event have to trace trend lines for that the trend is your feriend and the trend pays!
Playing a trade simulator game:
I took a chance and bought 1000 shares at $15.43 on 3JAN18.
On 4JAN18 I set a trailing stop at 20 cents.
It executed that day at $16.65.
Profit of $1220 less fees.
I might try that again next week.
Strong buy signals remain for short-, medium-, and long-term investing.
At this point what could signal a downturn before a drop in price???
Oil prices begin to lose strength upward, which added to the possible recovery of production in Canada and the termination of some problems in the East, will affect fall in prices so that the shoulder head shoulder pattern would accelerate clearly and quickly.
In this new version of graphic analysis, several factors that are supported by the fundamentals of the company, by direct effect of current oil prices and the average of the oil-price in the first quarter, as well:
1. Clarity of divergence between price and RSI, denoting a next correction.
2. In reference with Elliot waves, the magnitude of the price advance...
