With a successful break-out, potential target price could be $69.80 (= difference between support at $48.82 and break-out point $59.31 added to break-out point).
Stop-loss could potentially be placed somewhere below old resistance at $56.73, giving a risk/reward ratio of around 10:3, or below the rising trend line.
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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.