Trendline breakout @ Action Const Equip Ltd. (ACE)
STOCK: ACE
*
SETUP: The price continuously faced the resistance of the trendline. The level was tested four times, broke out a fifth time, and then the same level was retested.
*
VOLUME: Volume is noticeably increased
*
PLAN: Entry: Above high of the candle, 1536 STOP: Low of the candle or last swing, TARGET: 1:2 or 1:3
*
NOTE: Manage your risk # Keep market sentiments in mind # For learning purposes only
*
NOTE: Will not update on the same setup # Take Stop or Target
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.