Stock is currently on an uptrend looking at the weekly chart.
Price has recently reached an important level of resistance on the weekly chart, formed a double top and reversed.
It looks like a little correction.
It is possible to take advantage on this move towards previous level of support by trading simple pattern, in this case, pennant formation.
Entry at market
Stop Loss 42,37 Reais
Take Profit 38,92 Reais
Price has recently reached an important level of resistance on the weekly chart, formed a double top and reversed.
It looks like a little correction.
It is possible to take advantage on this move towards previous level of support by trading simple pattern, in this case, pennant formation.
Entry at market
Stop Loss 42,37 Reais
Take Profit 38,92 Reais
Trade closed: target reached:
Quick profitable trade.