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TraderRamos
Oct 15, 2017 10:39 AM

ELPL4 - Potential breakout from a Pennant Long

Description

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

Trade closed: stop reached

Price almost reached target and then reversed and moved all way down to stop loss.
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