UPTREND - Another textbook move by BKW which has been on the blog for a couple of days. It’s encouraging to see trades work well as it gives you the profits to take on more risk. This is a rather defensive yet aggressive posture which protects you while allowing you to get a lot more aggressive as the trading signals give you the profits and confidence to take more signals. It’s good to see quality signals emerging with favorable risk/reward profiles. We are approaching the strongest time of the year which is December so expect the good times to continue in the coming weeks. Good luck today and don’t forget to always use stops!
EQM – hidden smash trigger, base cheat area, EPS 2/12
ZEN – hidden smash, cup with handle, EPS 1/29
MA – bull flag, EPS 1/30
IBB – hidden smash, bull flag
BABA – hidden smash, EPS N/A