2. In accumulation zone.
4. Great Risk/Reward
Be careful and follow the plan as two things can happen.
1. The is down and if the price breaches the support, the stock can go down huge.
2. If the breaks up, it can be a great Risk/Reward ratio.
So plan the trade as mentioned and keep strict stop loss.
Looks like a very favorable trade since upside potential is huge
and the stop loss is relatively very small.
A great risk/Reward ratio.
Stop @ 45.50 (Closing basis)
Target 1 - 51
Target 2 - 54