ECPG - Ascending triangle breakout trade from $30.57 to $34.33

ECPG showing strong upward momentum. Seems forming an ascending triangle formation. Very strong Moneyflow. We think it has very strong upward potential.

Trade Criteria
Entry Target Criteria- Break of $30.57
Exit Target Criteria- $34.33
Stop Loss Criteria- $28
Trade Status: Pending

(Note: Trade update is delayed here.)

Comment:

January 31st- Strong reversal, went up 4% today. Looking very good as long.
January 30th- Declined further & closed below EMA lines, it's getting weaker.
January 27th- Seems rolling over, not looking very good as long. We would like to watch few more days.
January 23rd- Uptrend resumed after adjusting to EMA lines, we like it as long.
January 18th- Showing upward momentum, looking very good as long.
January 13th- Traded into opening price. Now wait & see

Comment:

February 1st- Another 2.75% gain & made a higher high. Very good trade so far. Updating stoploss to $29.31
February 3rd- Nice 2.55% upward move today, and made a higher high. Looking very good as long.
February 6th- Uptrend is continued with another 1.86% gain today. Total 7.3% gain so far. Updating stoploss to 30.33.