2GO Group, Inc. 2GO is potentially forming a toppish/reversal pattern with a Shooting Star candlestick pattern (requires confirmation). This reversal pattern is in confluence with the PRZ (Potential Reversal Zone) of a Bearish AB=CD harmonic pattern. Trading Plan - Avoid for now and monitor for a confirmation of the reversal pattern. - If previously trading the rally, scale down position or take some profit on confirmation of the bearish candlestick pattern. Profit run the rest of the position with trailing-stop.
Chelsea Logistics Holdings Corp. Another potential breakout on CLC and this time from a Double-Bottom pattern. Projected TP of this breakout is around 9.7. *Immediate support is around 9 (previous resistance now becomes support). See previous analysis for reference on this Double-Bottom prior to breakout. https://psetrends.blogspot.com/2018/01/clc-breakout-update.html Trading Plan - Buy the breakout but with tight stop on breakdown from immediate support. - If still holding previous position, continue profit-run with trailing-stop.
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