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Esalentine12
Jun 20, 2018 6:54 PM

Potential Breakout from Symmetrical Triangle? Long

Turtle Beach CorporationNASDAQ

Description

Symmetrical triangle with ascending and descending lines with similar slopes. At 75% of the triangle we should see a breakout. Could go either way. I believe in it going long just based on the momentum of sales and Fortnite popularity. If breakout sees a continuation, could take it up to a 24.30 test. Bearish breakout would see support at 21.45. Sell stop put at 21.80 for going long.

Comment

By the way, I am in high school and an amateur trader. I just recently learned some of these chart patterns such as triangles, wedges, cup & handle, etc. Just trying this out for the first time!
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