PolyOne - Long - Swing Trade

Picked this up from the weekly scan ended the week with a NR3 and NR7 combo.
The weekly bar also ended with a hammer-like shape with a slight upper shadow.
The Fib on the Weekly shows the next resistance level at ~$30
Break-out Signal on -2w bar
Prices closed just above fast EMA on the weekly, with the slow EMA hovering around $29 (a bit lower than I would have hoped.)
Overall volume in 2016 has been higher than Q4-15, while prices appear to establishing a 'base' between $23 and $26 during 16'
Bull Flag on the Daily Chart with a NR7 + hammer-like bar on the last day, with support from the rising EMA that has just crossed-over late last week
Volume had been contracting throughout the week, until Friday
However, the Daily NR3+7 combo painted earlier this week did NOT immediately yielded anything!
Long entry above the bull flag pole with Target set just under $30

İşlem aktif

Entered Long today.

İşlem aktif

Moved Stop to BE.

İşlem aktif

Moved Stop to 5ema.

İşlem aktif

Moved Stop to today's Low; Ready to exit.

İşlem kapandı: durdurma seviyesi

Closed trade today; Stopped today; +2R

Channibal

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.

Channibal