AMMO, Inc.Long
POWW possibly triangle breakout to the upside \(^0 - 0^)/
Looks like a tight flag is forming on the daily chart, though it's only been three days and there is no interaction with the daily timeframe moving averages.
On the 1hr and 15 minute timeframes there is a clean looking triangle pattern. I would see what happens on Monday morning and if it breaks the triangle try out an entry, leaving your stop loss just below the candle you entered on.
Maybe in a situation like this you could aim for a trade based on the hourly chart, closing the full position when it closes below the 10 SMA.
On the 1hr and 15 minute timeframes there is a clean looking triangle pattern. I would see what happens on Monday morning and if it breaks the triangle try out an entry, leaving your stop loss just below the candle you entered on.
Maybe in a situation like this you could aim for a trade based on the hourly chart, closing the full position when it closes below the 10 SMA.
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