maschera

FAST - 5.14% Potential Profit - Ascending Triangle Breakout

Long
NASDAQ:FAST   FASTENAL
Ascending Triangle formed after a 3-month correction. Multiple new support confirmation over the past 4 days.

I am fairly optimistic on this trade, as I particularly like the chart and the risk/reward ratio. This means that I will allocate more capital than usual. We have a target price, however, I wouldn't be surprised if it would go above that.

- Target Entry $50.53
- Target Stop Loss $49.93
- Target Exit $53.00

About me
- P/L Oct-Dec Trading Suspended | September +49.18% | August +232.32% | 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

Comments

Keep on grinding 🔝 you’re going to do great with these posts
+1 Reply
maschera Investroyllc
@Investroyllc, 🚀 thanks!
Reply
Hi Mate!

I saw some of your posts and your detailed chart analysis with targets looks very promising, Going to try some as I am a novice trader and looking around for help and support.
Reply
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