GTRONIC, Consolidating After a Breakout; A Trend Begets a Trend?
Bias: Short term consolidation (pennant), with moving averages (MA) in bullish formation.
Stop-loss: 2.00 // This region is the breakout point of the previous resistance, as well as whole number psychology effect.
1st target: 2.27 // Previous high as minor resistance.
2nd target: 2.46 // Projected target from fibonacci extension as well as major resistance region.
Gentle reminder: Plan the trade and trade the plan. Trade at your own risk. Stay tune!
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