One of the rare chances to buy this paper at an adequate price. The breakout of the high triangle is expected and the price goes up. The paper tends to move quickly. Since the resistance level has not yet been broken, 2 scenarios of the security movement are possible (indicated by arrows of different colors). Upon reaching the goal, observe the behavior of the paper and what pattern it will form at the top, do not rush to exit the position, I think the paper will continue to grow.
Comment:
The security went into the strong support zone of $ 70, this is a bear trap. You can easily average the position, expect the target of the trade to be fulfilled.
Trade active:
The security fully fulfilled the first target of the trade and a little ($ 1) did not reach the second target. At the moment, a breakdown of the Flag pattern is approaching, with an even higher target of $ 108 (plus 42%). You can re-enter on the Flag breakout, you can leave the previous position or add a position size on the breakout.
