Retest gap today. Great bullish volume. Breakout from a Pennant pattern. Looking to play the retest. 2R target is below the long term support and resistance. I'm looking for NTNX to break through the resistance level longer term if it continues on the bullish trend. If the trade works out, I will adjust my stop based on pivots within the trend lines. If the trade takes a while to break through the resistance, it may end up being a longer term trade.
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