Parkway – Bull Flag in uptrend channel | Technical Analysis | Singapore Stocks
Weekly AMA on Instagram - Ask me anything about trading & investing, stock picks, market analysis, etc!
Just came back from Prague, and it’s one of my favourite towns. Before I left, I tightened my stops for my shorts on Yanlord, and although it got hit at 1.64, my initial entry of 1.73 still yielded a satisfactory trade. Currently, with the uncertainty on the outcome of the Euro crisis, most markets are trading sideways with a downward bias.
Parkway is still headed up in a neat parallel price channel, and is currently forming what seems to be a double bottom bull flag. A good chance for entry would be on the double bottom pullback, and it would also be a 2nd entry. This means that we should wait for a bullish reversal bar signal before making an entry. Good luck!
New to Trading? Make your first live trade today in this workshop! Meet Spencer live for 3 hours of hands-on training! No prior experience required! Learn all the basics of trading, and step-by-step guidance to make your first trade!
If you're looking for the best trading opportunities every day across various markets, and don't want to spend hours doing the research yourself, check out our private Telegram channel!
Spencer is an avid globetrotter who achieved financial freedom in his 20s, while trading & teaching across 70+ countries. As a former professional trader in private equity and proprietary funds, he has over 15 years of market experience, and has been featured on more than 20 occasions in the media.
test