AVY - 7.83% Potential Profit - Ascending Triangle

maschera Updated   
NYSE:AVY   Avery Dennison Corporation
Ascending Triangle broken out after a 6-month bull run with a 3-month correction.

We are trying to capture the run right out of the gate, hence there is limited support confirmation. However, momentum is there and the RSI / STOCH / MACD are on our side.

- Target Entry $128.05
- Target Stop Loss $126.00
- Target Exit $137.85

About me
- P/L September +33.74% | August: +203.83% | Historical Win Ratio 75.00% | 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
Trade closed: stop reached:
-3.11% loss.

Stopped at the opening as the market crashed today.


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