NEW HIGH after 50EMA touchdown
HEBT 2019/12/02
The technique here is to let the stock continue to rise and wait when it is going to pullback and retest its former high. With the cycle it will show you the new high which would be your target and the close of its strong low candle as your entry.
LUNA - Gap-Up on High Volume, Triple Breakout.
66BARS OR 94 days before the stock had pulled back to its previous high.
Here we made a calculation of its possible target price
VL here means volatility low. This is the support price level where price kept bouncing back upward. after downfall. We have it here marked as 2.75
50EMA had supported the move. Although the 1st instance was breached by the seller with price breaking down the 50EMA. It was for few days bu then the bulls were able to pull it back up the 50EMA. The 2 hammers (1 at May 13, 2019 and the other July 3, 2019) with their Tips penetrating the 50EMA were the point of entry also in this occasion.
HEBT 2019/12/02
The technique here is to let the stock continue to rise and wait when it is going to pullback and retest its former high. With the cycle it will show you the new high which would be your target and the close of its strong low candle as your entry.
LUNA - Gap-Up on High Volume, Triple Breakout.
66BARS OR 94 days before the stock had pulled back to its previous high.
Here we made a calculation of its possible target price
VL here means volatility low. This is the support price level where price kept bouncing back upward. after downfall. We have it here marked as 2.75
50EMA had supported the move. Although the 1st instance was breached by the seller with price breaking down the 50EMA. It was for few days bu then the bulls were able to pull it back up the 50EMA. The 2 hammers (1 at May 13, 2019 and the other July 3, 2019) with their Tips penetrating the 50EMA were the point of entry also in this occasion.
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