The stock has broken out and took support at the previously upper trendline. Trade is supported by brokerage calls and Supports Nearby.
The stock has previously broken out with good volumes and retested the upper trendline, the point of entry.
Risk Reward Ratio - 1:1.
SL is placed below multiple major support zones, 200 EMA and previously upper Trendline. Target is placed near the all-time high.
Note: Earnings will be disclosed during the trade duration. If results are not up to expectations or the trendline and 200 ema are broken after results, it may be a better option to exit.
The stock has previously broken out with good volumes and retested the upper trendline, the point of entry.
Risk Reward Ratio - 1:1.
SL is placed below multiple major support zones, 200 EMA and previously upper Trendline. Target is placed near the all-time high.
Note: Earnings will be disclosed during the trade duration. If results are not up to expectations or the trendline and 200 ema are broken after results, it may be a better option to exit.