Bullish Scenario:
If price sustains above 106–107 with good volume, upside targets open towards 112–115, later 120.
Bearish/Failed Breakout:
If price falls back into the purple box and closes below 102, the breakout will be considered false, and stock may retest 100.
Risk Management:
Stop-loss can be kept below 102 (last range support).
If price sustains above 106–107 with good volume, upside targets open towards 112–115, later 120.
Bearish/Failed Breakout:
If price falls back into the purple box and closes below 102, the breakout will be considered false, and stock may retest 100.
Risk Management:
Stop-loss can be kept below 102 (last range support).
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.