Advent Pharma Ltd.
Long

ADVENT Breakout After Consolidation

134
ADVENT has broken out of its channel. The 6-day consolidation prior to the breakout suggests that the breakout is likely genuine rather than a fakeout. A minor correction is expected today. One may consider taking an entry around 15.70, with a stop-loss at 14.70 and a target of 20. This offers a risk-reward ratio of approximately 4

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