AURPHARMA: Bullish Flag Breakout On the Daily Time Frame
According to the charts, there is a bullish flag breakout on the daily time frame, which is being supported by healthy volumes.
The stop-loss is set to be less than 5% of the breakout price level.
The target is projected to be 192 points above the breakout level, which is exactly the same as the distance between the bull flag's starting point and the breakout.
This trade has a risk-reward ratio of 2.5.
The stop-loss is set to be less than 5% of the breakout price level.
The target is projected to be 192 points above the breakout level, which is exactly the same as the distance between the bull flag's starting point and the breakout.
This trade has a risk-reward ratio of 2.5.
Comment:
This setup is valid only if the day's closing price is higher than the 1000 level.