Ascending Triangle formed after a 3-month correction. Multiple new support confirmation over the past 4 days.
I am fairly optimistic on this trade, as I particularly like the chart and the risk/reward ratio. This means that I will allocate more capital than usual. We have a target price, however, I wouldn't be surprised if it would go above that.
- Target Entry $50.53
- Target Stop Loss $49.93
- Target Exit $53.00
About me
- P/L Oct-Dec Trading Suspended | September +49.18% | August +232.32% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
I am fairly optimistic on this trade, as I particularly like the chart and the risk/reward ratio. This means that I will allocate more capital than usual. We have a target price, however, I wouldn't be surprised if it would go above that.
- Target Entry $50.53
- Target Stop Loss $49.93
- Target Exit $53.00
About me
- P/L Oct-Dec Trading Suspended | September +49.18% | August +232.32% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
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