As stated in the heading, bullflag on the daily time frame suggesting a breakout to the upside after a period of consolidation.Held support at $3.20 so a stop loss just below would make sense.
Buy Price: $3.36 - Just above the short term resistance of this flag
Stop Loss: $3.20 - Strong level of support, would also mean wrong
Target: Possibly the next short term resistance at $3.59, although not really sure. Trailing stop losses would probably be best.
Buy Price: $3.36 - Just above the short term resistance of this flag
Stop Loss: $3.20 - Strong level of support, would also mean wrong
Target: Possibly the next short term resistance at $3.59, although not really sure. Trailing stop losses would probably be best.
Order cancelled:
Flag never broke out, no entry.