Box breakout with MACD signal
Updated
The overall trend is positive as the stock is clearly taking support at the 50 SMA and is above 200 SMA. The Breakout (out of the box) needs to sustain, and the stop loss is affordable. Probability seems good that the trend could continue. Time Frame = Daily
However, this is stock market and anything can happen. Always be ready to take a small loss and exit the trade if it goes against you.
However, this is stock market and anything can happen. Always be ready to take a small loss and exit the trade if it goes against you.
Trade closed: target reached
Positive action combined with positive thinking results in success
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.