Breakout play. $DAR is on my watchlist observing this probability to breakout from the nearest resistance. If this happens, it will attain its All Time High stock price. Setting up my buy stop limit. Let's see how it goes :)
strategy: swing, trend follow
timeframe: daily, weekly
entry point: price crosses or stayed above the 8-day EMA; Stochastic = not overbought; price bounces off from support.
monitoring: stay long as long as the price is above the EMA line
exit point: close the position when price hits resistance or when the price crosses down the EMA line.
1:21 or 1:1.5 in my opinion is a good risk-reward ratio. Even if the winning rate is 50%, trades will still be profitable using risk management Spotting bullish divergence would add confidence :)