BREAKOUT WATCH for possible breakout above 17.53, no resistance in area just above.
Type: Continuation breakout from single resistance.
Target: 18.59, 8.2% Stop: 16.74 Loss: 2.6% P/L ratio: 3.2 : 1 - Excellent
Breakout has not occured yet but for upward breakout, target price is 17.31 and downward breakout's target price is 12.44. Currently, it looks to be best setup for an upward breakout. Swing traders can short now if they want the intraformation trade and buy when it shows the reversal.