STORM - Buy Opportunity - 76% ROI - 6.5:1 Risk/Reward
Reasons to buy using a LIMIT when/if price retraces back to the consolidation zone - should this not occur, wait for smaller time frame breakout setups:
1. Valid break-out pattern with a clear consolidation zone
2. Massive increase in volume prior to break out
3. Long accumulation period
4. Trigger breakout pattern has reached profit target
5. High return on investment (76%) with massive 6.5:1 risk/reward
Enjoy.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice
1. Valid break-out pattern with a clear consolidation zone
2. Massive increase in volume prior to break out
3. Long accumulation period
4. Trigger breakout pattern has reached profit target
5. High return on investment (76%) with massive 6.5:1 risk/reward
Enjoy.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice
Trade active:
Place stops underneath the consolidation zone. Wider stops if you are happy to give this trade some space
Comment:
We have the pullback. Now lets be patient and see how it pans out