Candlestick & Breakout Patterns

NOTION - A Potential Bullish Flag Is Manifested

Ming Jong Tey
Publish date: Tue, 23 May 2017, 04:58 PM
Understand the psychology behind the candlestick & breakout pattern will give you an edge to realize why the market does what it does and anticipate opportunities before they happen!

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NOTION (0083): Bullish

Pattern: Bullish Flag

I first covered NOTION in early January 2017 while it shot up from 0.40 to 0.70 within a week, use it as an example to demonstrate good entry setup and how to trade this type rocket stock.

Although I opt for not chasing NOTION at that time, there were a number of great trading opportunities shown up after that.

NOTION Bullish Flag

As shown on NOTION's daily chart above, after it broke the neckline of the localised head & shoulder structure, it had reached the price satisfaction

Now, a bullish flag is manifested and stands as a good trading opportunity. Breakout trader might enter when it breaks above 1.34.

Based on various patterns projection, the target prices for NOTION are 1.56, 1.65 and 1.90.

I stay bullish on NOTION when it is above 1.15.

Leave me a comment below and let me know what you think. If you have any queries or want to share the next big stock with me, feel free to contact me via my email or FB page below.

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Cheers,

Ming Jong

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Discussions
2 people like this. Showing 4 of 4 comments

HaoRan

Thanks for sharing Ming Jong :)

2017-05-23 17:28

Ming Jong Tey

@HaoRan You are welcomed :)

2017-05-23 17:30

gohkimhock

very high PE bro. Risky for value investors like me..

2017-05-23 23:13

Ming Jong Tey

@gohkimhock No problem bro :) The objective is for short term trading anyway. For value investor like yourself, if it does not pass your criteria, just give it a miss. There are plenty of decent FA stocks with lower PE. Maybe DUFU?

2017-05-24 10:18

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