The measured target from Rounding Bottom breakout has been hit already (22~22.5 range). The previous breakout play was detailed here:
https://psetrends.blogspot.com/2016/07/ew-breakout-play.html
*Immediate support around 19.7 while the major support at 18.5.
Trading Plan
- Scale down position if trading the Rounding Bottom breakout and profit run the rest of the position using trailing stop.
- The 4-year downtrend line breakout play remains intact with projected TP around 24~25. Adjust stop-loss accordingly.
No comments:
Post a Comment