Triangle breakout in this finstock
Updated
Fivestar Business finance has been consolidating in a symmetrical triangle pattern from its listing in late 2022.
The stock has given a breakout today with good volumes. 575 is a minor resistance above which stock can move up quickly.
The immediate support for the stock is its previous swing low of around 525.
550-555 is a best buy level for a good risk reward with targets of 595, 620++.
Note:- Idea is shared for educational purposes and should not be taken as a recommendation.
The stock has given a breakout today with good volumes. 575 is a minor resistance above which stock can move up quickly.
The immediate support for the stock is its previous swing low of around 525.
550-555 is a best buy level for a good risk reward with targets of 595, 620++.
Note:- Idea is shared for educational purposes and should not be taken as a recommendation.
Trade closed manually
Target 1 hit without entry activation
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.