clair097

2GO Group, Inc. 2GO is on a breakdown from a Descending Triangle pattern with projected target price around 15.5~16.4. See previous analysis for reference on this pattern as it unfolds: https://psetrends.blogspot.com/2017/07/2go-potentially-forming-bearish-pattern.html Trading Plan - Avoid for now.

2GO Group, Inc. 2GO is potentially forming a Descending Triangle pattern which is normally considered as a bearish chart pattern that indicate distribution. It may also be considered as a reversal pattern at the end of  the recent uptrend. However, if the consolidation continues and the sideways price action goes beyond the triangle apex without significant breakout or breakdown, it will likely invalidate the pattern. Trading Plan - Avoid for now and observe the price action in the coming days.

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.