A bullish setup is terminology used during technical analysis of stocks when the chart pattern is indicating that markets will rise. A few examples of bullish setups are: bull flags, inverse head and shoulders, bull pennant, and cup and handle. For more information on bullish setups, make sure to keep checking Traders Summit website as we constantly post analysis of key contributors.
Technical Analysis of Stocks – Trading Interview
In this trading interview, Blake Morrow of Traders Summit sits down with Jake Wujastyk from Trendspider. Jake shares his trading screens and provides technical analysis of the stock market. He specifically looks at a few stocks such as: Fubo.tv (FUBO), Spotify Technology SA (SPOT), and Draftking’s (DKNG). Using the IWM (Russell 200) as an anchor in his technical analysis and he sees many possible bullish setups.
About Jake Wujastyk
Jake Wujastyk is a founding member and VP of Business Development at TrendSpider. His passion for the markets and trading started as a young teen and has turned into a full-time job as TrendSpider continues to grow. With a degree in and passion for Economics, Jake spends a lot of time working on new ways to implement innovative supply and demand areas within the TrendSpider charting platform.