Bullish Pennant
Bullish Charts - Bitcoin Record Highs. Gold Record Highs. Launched in 2013, the BIT is sponsored by Alternative Currency Asset Management (ACAM), a wholly-owned subsidiary of SecondMarket Holdings, Inc. and an affiliate of SecondMarket, Inc. (custodian, marketing and distribution partner). ACAM has engaged leading service providers Ernst & Young (auditor).
Chart looks like this one is going to $17 to $20 real soon.
Daily Chart
PMO is spiking up, Bullish
Volume is Bullish
RSI is Bullish
MACD is Bullish
Accumulation is Bullish
Long!
DISCLAIMER
The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Beat Earnings. Raised Guidance. No Debt. USA Protective GearAlpha Pro Tech, Ltd., together with its subsidiaries, engages in developing, manufacturing, and marketing a line of disposable protective apparel and infection control, and building supply products in the United States and internationally. The company operates through two segments, Building Supply and Disposable Protective Apparel. The Building Supply segment offers construction weatherization products, such as house wrap, synthetic roof underlayment, and other woven materials. The Disposable Protective Apparel segment provides shoecovers, bouffant caps, gowns, coveralls, lab coats, hoods, and frocks, as well as face masks and face shields. The company provides its products under the Alpha Pro Tech brand name, as well as under private labels. Its products are used primarily in cleanrooms; industrial safety manufacturing environments; health care facilities, such as hospitals, laboratories, and dental offices; pharmaceutical markets; and building and re-roofing sites. The company distributes its products through a network of purchasing groups, distributors, and independent sales representatives, as well as through its sales and marketing force. Alpha Pro Tech, Ltd. was founded in 1983 and is headquartered in Markham, Canada.
Net Sales of $25.5 Million, an Increase of 123.4% Year-over-Year
Provides Update on Orders for Personal Protective Equipment (PPE)
Net sales for the second quarter of 2020 were $25.5 million, compared to $11.4 million for the second quarter of 2019, up 123.4% year-over-year.
Net income for the second quarter of 2020 was $6.2 million, or $0.46 per diluted share, compared to $1.0 million, or $0.08 per diluted share, for the second quarter of 2019, up 475% on a per share basis.
NOGALES, Ariz., Aug. 04, 2020 (GLOBE NEWSWIRE) -- Alpha Pro Tech, Ltd. (NYSE American: APT), a leading manufacturer of products designed to protect people, products and environments, including disposable protective apparel and building products, today announced financial results for the three month period ended June 30, 2020.
finance.yahoo.com
Need I say anymore? Earnings blew past Wall Street Estimates. APT raised guidance and the company has no debt.
Protective gear and N95 masks will be a part of the Worldwide dress code through 2020 and into 2021 even if a vaccine is approved because not everyone will want to take the vaccine shot.
Today's sell off was outrageous and an early Christmas gift for anyone looking for a quality company that makes protective gear & N95 masks in the USA!
Target: $32
Long!
DISCLAIMER
The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Bullish Charts - Coil, Pennant, Flag - Vans with DronesWorkhorse Group Inc. designs, manufactures, builds, sells, and leases battery-electric vehicles and aircraft in the United States. It operates through two divisions, Automotive and Aviation. The company also develops cloud-based and real-time telematics performance monitoring systems that enable fleet operators to optimize energy and route efficiency. Its products include electric cargo vans, and medium and light-duty pickup trucks, as well as HorseFly delivery drones systems. The company was formerly known as AMP Holding Inc. and changed its name to Workhorse Group Inc. in April 2015. Workhorse Group Inc. was founded in 2007 and is headquartered in Loveland, Ohio.
Today, there was an article on Dow Jones talking about Workhorse Pairing Vans with Drones to Drive Deliveries.
www.barrons.com
On 07/24/20, there was another article, "Trucks of the Future." & "Electric Trucks are the Future."
workhorse.com - Beautiful Electric Truck
On 07/23/20, Workhorse reported a purchase order for 20, C-1000 Electric Delivery Trucks.
On 07/21/20, Workhorse talks about supplying electric trucks to the Postal Service.
Does the news get any better?
Yes, on 07/14/20, Workhorse announces Ryder will now offer the C-1000 All-Electric Step Vans for rental locations.
On the Daily Chart, it looks to me like it's flagging, Bullish
To some, it might look like an uptrending coil or a Bullish Pennant.
No matter how you look at the daily chart, it looks to me like a very Bullish setup.
RSI is turning up, Bullish
OBV is turning up, Bullish
Stochastic is turning up, Bullish
Accumulation is Bullish
I see big things coming for this company!
Long!
DISCLAIMER
The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Kiwi : Long Worth TryingBullish Pennant pattern is observed in NZDUSD.
And the formation has begun.
I improvised a bit since I saw the signal late:
I put my Fibonacci Retracement Levels and chose 0.00 as Stop-Loss and 0.618 as Take Profit point.
Thus, the parameter contains a much higher Risk / Reward Ratio.
Bullish Pattern target is higher.
The guarantee approach has been demonstrated.
Parameters
Position Size : %1 (0.01)
Leverage : (50 - 100x)
Risk/Reward Ratio : 2.97
Stop-Loss : 0.64627
Goal : 0.67407
NOTE :
This idea was created by inspiring Romeo_Deris's idea of NZDUSD.
You can see it in related ideas.
$DIS At Bottom Of Ascending Channel. Looking To Retest The Top.Disney is consolidating at the bottom of it's channel. It's been in consolidation for a week now and it's ready for a move to the top.
It has now formed a bullish pennant and has been tethering a breakout of consolidation.
If you look closely at the bullish pennant you'll see the recent price movements hinting that $DIS will soon breakout of the flag.
With the news of Disney finally expanding to 8 more countries very soon + the reopening of many Disney studios & parks.
This stock is in a good position to rise.
Both the technicals and fundamentals validate a move up.
On average a rise to the top of a channel takes 3 days and consolidation about about a week. Disney is ripe for a breakout as it has been consolidating for a week and there is now catalyst to initiate a move.
EUR/USD Are we done retracing?Let me know your ideas.
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Disclaimer
The material and information contained in this analysis is for general information and educational purposes only. You should not rely upon the material or information on any of my analysis as a basis for making any business, legal, or any other decisions.
USDCAD Long idea for 560 pipsBullish pennant formation.
Retracement within the flag to 50% measured on the daily chart & 4HR support on the recent low, price hit and pushed up with strength.
Break out on the 4HR chart of the pennant.
Entry on retest on 1hr chart.
SL @ 1.40064 (Just below the must recent swing low) 90 pips
TP1 @ 1.41844 89 pips
TP2 @ swing high @ 1.46722 480 pips
Overall Pip target of 560 pips.
Bullish Flag or a Bullish Pennant for TNY?Bullish flag formations are found in stocks with strong uptrends.
They are called bull flags because the pattern resembles a flag on a pole. The pole is the result of a vertical rise in a stock and the flag results from a period of consolidation.
The flag can be a horizontal rectangle, but is also often angled down away from the prevailing trend.
Another variant is called a bullish pennant, in which the consolidation takes the form of a symmetrical triangle.
The shape of the flag is not as important as the underlying psychology behind the pattern.
Basically, despite a strong vertical rally, the stock refuses to drop appreciably, as bulls snap up any shares they can get.
The breakout from a flag often results in a powerful move higher, measuring the length of the prior flag pole.
It is important to note that these patterns work the same in reverse and are known as bear flags and pennants.
What is a Pennant?
In technical analysis, a pennant is a type of continuation pattern formed when there is a large movement in a security, known as the flagpole, followed by a consolidation period with converging trend lines - the pennant - followed by a breakout movement in the same direction as the initial large movement, which represents the second half of the flagpole.
Bullish pennants, just like its name suggests, signals that bulls are about to go a-charging again.
This means that the sharp climb in price would resume after that brief period of consolidation, when bulls gather enough energy to take the price higher again.
Pennants are often continuation chart patterns formed after strong moves.
After a big upward or downward move, buyers or sellers usually pause to catch their breath before taking the pair further in the same direction.
Because of this, the price usually consolidates and forms a tiny symmetrical triangle, which is called a pennant.
Higher lows on the RSI & it is trading at approximately 52. Traditional interpretation and usage of the RSI dictates that values of 70 or above suggest that a security is becoming overbought or overvalued and may be primed for a trend reversal or corrective price pullback. An RSI reading of 30 or below indicates an oversold or undervalued condition.
Bullish Pennant XAUUSD confirmed, 1800 coming soonI believe most of traders already anticipated this patter. So do i prior to my last analysis this might be the start of gold bullish movement to retest the 1800 level. For swing trade, i'll take long because of this pennant breakout until it reach 1800 and we'll see what will happen next.
$GC_F -- Bullish continuation on inverseI believe that $GC_F has one more big move up where it will test the previous ATH level. It still has alot of strength after breaking out of its inverse h&s pattern. Now its forming a bullish pennant where I believe it will breakout of the pennant to reject the current highs, retest the pennant top line or somewhere around there then breakout to previous ATH levels where it will then dump hard. Really hard/impossible to predict it 100% accurately but this is what i think will happen. thanks for reading.