Technically interesting trade. The formed classical H&S had all the chances of being broken, and it happened because there was a strong anti-pattern. After that, the reverse H&S was formed, and yesterday his neck was breakout, and at the same time the right shoulder of the classic H&S was breakout, which is considered a strong signal to the long - there are a lot...
$YALA has both an H&S and IHS Be careful on entry. Always use stop loss I am personally going long, but I see potential for being wrong
If the IHS is correct, then the best day to pick up YALA is EOD Wednesday (this is the ideal time, in my opinion) or sometime on Thursday. If the IHS is incorrect, the entry may be less ideal, but safety first. Wait for the pattern and the chart to set up. Be prepared with alerts or accepting EOD price on Wednesday or whatever price you get on Thursday. Then...
Yalla Group Limited ADR (YALA) reported Quarter December 2020 earnings of $0.06 per share on revenue of $48.3 million. Headquartered in Dubai. The consensus earnings estimate was $0.11 per share on revenue of $41.2 million. The company said it expects first quarter revenue of $60.0 million to $63.0 million. The current consensus revenue estimate is $42.70 million...
Cup & Handle, watching for breakout
Following the trend and the set up Bought the dip, starter position. Will add if the stock price goes UP, not down.
Starting a position today again on YALA long The trend is your friend. I like the volume. I buying the little dips until i have a whole position
This trade is a based on a daily pull back which means the Stochastic RSI is below 20 and price breaks out of the range of bars What I like: * Pullback was into a support area * Pullback area had a nice range/congestion of bars showing some consolidation * RSI on 2hr showing a change in momentum * 2hr showing a squeeze prior to breakout confirming...
Looks to be ready to make a move, nice setup.
Entry: $15.75 ish Stop loss: $14.65 Target: 18.50 Risk aprox $1 to make aprox $3 Based on falling wedge pattern This is an IPO - therefore, you should know that IPOs are more prone to chaos and chart reading is somewhat difficult.
Day trade idea. Reversal coming? Nothing fancy.