SHLS daily - long position after breakout

NASDAQ:SHLS   Shoals Technologies Group, Inc
SHLS is a bullish /strong fundamental stock therefore we would trade it only in a long position.

SHLS daily is in a symmetrical triangle which is a bullish pattern . Friday finished strong with a big volume which is bullish . Laso hammers out from 50 days MA and it looks like a possible bull pullback pattern.

SHLS is above all major MA which is bullish .
Volume is confirming Friday's price move because it is almost double 20 day average.
RSI is neutral.
MACD histogram is ticking lower which is bearish while both lines are bullish .

Overall: SHLS is consolidating around these prices for a longer time. Bullish moves on Friday are showing there is more possibility for an up move than a down move. If it continues to go up it will be a bull Pullback which is bullish and with a possible break out of a symmetrical triangle we would be in a long position.
If the price continues to fall, until it is inside the triangle it is still an opportunity for an eventual breakout later.
Long trade would be triggered if it passes the blue dotted line.
29.17 is the entry price. It is a big candle but rules are rules.
Trade closed: stop reached:
The position closed at 27.47. Expense trade of -5.8% :(


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