The stock has made a rounding bottom for a while, it has given a breakout from the neckline now positioning itself ready for a good upside with a favorable risk-to-reward ratio.
Entry - Between 5370-5375
Stop Loss - Below 5145
Target - 5900
Stock have strength and good fundamentals
Qtr sales up by 2%
Qtr net profit up 168%
Qtr EPS up by 167 %
Entry level----816
stop loss ------728
Breakout trading implementation:
1. **Identifying New Trends:** Breakout trading helps traders identify the beginning of new trends by focusing on price levels where an asset breaks out of its historical trading...
CMP 2869
Consistent increase in volume
Cup & Handle formation on weekly charts
Break out will trigger a quick up move of 10%
Looks bullish, Consistent HL and HH
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📉 Bear Market Overview: A bear market signifies a prolonged period of price decline and prevailing pessimism. Yet, within this challenging landscape, opportunities for change often emerge.
📊 Detecting Structural Shifts: Keep an eye out for structural shifts on the Bitcoin chart, marked by a series of higher highs and higher lows. These shifts signal a change in...
Hi Traders!
We have a potential Head and Shoulders break on the GBPUSD 1D chart.
The price action is telling us that there is a bearish bias due to the market having lower highs and lower lows; additionally, the market is also below our 20 EMA.
We are looking for a break and a close below the neckline at the 1.25479 area which is August 2023's low.
As long as...
NASDAQ:MELI shows nice resumption and breakout into upside. Clear on the monthly chart shown.
Likely to March towards its all time high price in the coming months.
Price has been consolidation for some time, hard to say exactly since when but for more than a year. This stock is very explosive it can jump 35% in one week. The 11 resistance is the key, if it breaks out the next immediate resistance is at 14.6. Worth the shot.
GBPCAD is trading in almost symmetrical triangle pattern. The price is reacting well the support and resistance of triangle.
Currently the price is at the support of triangle where it is also forming a local support zone and seems like the price may break through the triangle.
If the breakout sustain to upside the optimum target could be 1.7220.
What you guys...
Hey traders! 👋
PERP/USDT just made an exciting move that caught our attention. 🚀📉
Chart Analysis:
We've been tracking PERP/USDT for a while, and it's been forming a descending triangle pattern. This pattern typically signals a potential breakout on the horizon. 📉📈
Today, we witnessed the anticipated breakout to the upside! 🚀🚀 This bullish move is certainly...
My name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term...
WOOUSDT is trading in symmetrical triangle pattern. The price is reacting well the support and resistance of triangle.
Currently the price is at the support of triangle where it is also forming a local support zone and seems like the price may break through the triangle.
If the breakout sustain to upside the optimum target could be 0.1800.
