SFP is breaking out

SFP has been consolidating in a Darvas box since May 2022.

It is breaking out and could reach 50% target. First, the "Trendline 1" must be broken, which would be a trigger to break also the Darvas box.

Target will be the next weekly resistance (50% profit from breakout point eventually). The SL should be below the MA 200D.

Comment:

SFP is bouncing hard after retesting the trendline.
A nice breaking of Darvas box is likely.

Comment:

SFP has steady moves.
+20% from initial price

Comment:

SFP is pumping, finally.
+50% from initial price

Trade closed: target reached:

SFP had almost reached the target. Profit booked.