High probability + big upside in this stock. Gorgeous chart
This is a pretty incredible inverse head and shoulders trend continuation pattern.
Interestingly enough, APPN had a similar pattern from January 2018 through August 2019, where it finally broke out, producing a profit in excess of 45% from the breakout point to the high:
Keep an eye out for a possible false breakdown. The best trades tend to run and never look back, but be mindful for a possible inside pattern correction like WORK had in the chart here:
Perfect patterns do not always make it easy. But this is some golden price action...
Interestingly enough, APPN had a similar pattern from January 2018 through August 2019, where it finally broke out, producing a profit in excess of 45% from the breakout point to the high:
Keep an eye out for a possible false breakdown. The best trades tend to run and never look back, but be mindful for a possible inside pattern correction like WORK had in the chart here:
Perfect patterns do not always make it easy. But this is some golden price action...
Kommentera:
Symmetrical triangle on the 1hr developing. Could run from here
Kommentera:
Broke out of pennant on the smaller time frame. I am looking to add at 67.80. I would not be surprised to see a single day advance of 10-20% in the coming weeks:
Kommentera:
My trailing stops were all triggered at $74. We may see a return to the neckline. I'll be watching for a bounce spot at 64
Kommentera:
tagged 64 and reversed for new highs:
Kommentera:
Setting up again after a brief consolidation period. Above 156 revisits 170s: