Hi-P formed a rounded bottom over the last 6 to 7 months and rosed strongly last Fri
on a strong bullish
candle with a high volume
. Today it pushed through the "neckline" at 1.18 strongly. The trend is on the upside going forward and I would put a stop loss just under the low of today's large candle (ie stop loss at 1.08). Am expecting it to rise to around 1.55-1.65 in the mid term to close the prior gap there. However since TA is all about odds and not guarantees, I would trail my stops upward but giving it enough wiggle room for minor pullbacks along the way. Hoping for the best.