Search

ARCH Trade +6.5%

Updated: Jan 11


After seeing a clear inverse head and shoulders pattern (as seen in the blue box), a strong bullish engulfing candle at the right shoulder (depicted in the green circle), and a bullish divergence on our slow stochastics indicator, Prima Trades knew higher prices were likely to follow.


We bought ARCH on August 10th at 33.65 after prices pulled back from the 13 & 26 period EMAs.


Another reason for our confidence in this trade was that ARCH was in an uptrend on the daily chart, which means we would be trading with the wind at our backs and not fighting the overall trend. This is a very important factor when deciding whether or not a stock is worth trading.


Prima Trades sold ARCH on August 28th at 35.84 for a +6.5% profit in just over two weeks!


To learn these patterns and strategies, purchase the Prima Trades Ultimate Profits Trading Course and become a self-sufficient trader or become a monthly subscriber to receive trade alerts for every trade we make and make compounding profits with us!



15 views0 comments

Recent Posts

See All

The information provided by us is for educational and informational purposes. This information is based on our trading experience and beliefs. The information on this website is not intended to be individualized investment advice. If you require investment advice, please contact your investment adviser. Prima Trades LLC is not responsible for losses you may incur.

Prima Trades LLC 2020

Website by: Classy Websites NJ/NYC