ArQule Inc. (ARQL)

[stocktrademan]

ARQL buy 6.9318

bull flag breakout pattern
macd crossed up above 0 recently
making the next run up
having a pattern to use isn't to try to impress or be special
it's to be able to gauge the market behavior and set a stop and possible targets
then risk vs reward can be determined and if the trade is worth it or not
if people can make 2:1 or 3:1 or 4+:1 reward to risk, then the stock goes higher because the pattern is favorable and they buy
how far it has went in the past it doesn't matter if the setup is there again

























normal chart




log chart