Breakout from Ascending Triangle pattern with measured target around 24 (24.2~24.5).
*Immediate support near the previous breakout resistance around 21 (21.25).
Previous post on DNL (July 16, 2015):
http://psetrends.blogspot.com/2015/07/dnl-consolidation-mode.html
Trading Plan
- If trading the breakout base on previous DNL post, hold position for potential target near 24.
- Buy the breakout for potential target around 24 (24.2~24.5).
- Stop-loss just below 20. Not a very good risk/reward ratio if entry is already at 22~ (1:1).
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