STOR - 13.01% Potential Profit - Bullish PennantBullish Pennant broken out after a 6-month bull run.
Momentum is set to continue with the company increasing dividends and announcing an increase of Real Estate acquisitions next year, strong of a good relationship with their tenants.
Decent amount of new support confirmation on the 15-min chart. Momentum is present, and the RSI / STOCH / MACD are on our side.
The only line of concern is that it is set to open below support according to Pre-Market data. I would wait a few minutes into the trading session before entering an order and potentially slightly change my entry/stop based on it.
- Target Entry $29.43
- Target Stop Loss $29.11
- Target Exit $33.56
About me
- P/L September +33.74% | August: +203.83% | Historical Win Ratio 75.00% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
Storlong
STOR - 13.42% Potential Profit - Ascending TriangleAscending Triangle formed into an Uptrend Corridor and new support confirmed multiple times in the past 3 days. For allocation purposes, be mindful that support has been broken on the 20-21th Aug. At the same time, I don't believe this being a reason not to take this trade.
Target price set at resistance line bounce.
- Historical Uptrend
- RSI and STOCH well above 50
- MACD below Signal
Suggested Entry $26.23
Suggested Stop Loss $25.61
Target price $29.75
Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
