Looking at the daily and smaller timeframes (1h or 4h), it is possible to see a potential pennant formation on this stock.
Expecting a retest of the high at 15,98 Reais.
Entry at market.
Stop Loss at 14,43 Reais
Target at 15,93 Reais
Expecting a retest of the high at 15,98 Reais.
Entry at market.
Stop Loss at 14,43 Reais
Target at 15,93 Reais
Trade closed: stop reached:
Price almost reached target and then reversed and moved all way down to stop loss.