POSITIONAL TRADE!
Reasons to Trade:
1) TrendLine resistance
2) Good Volumes
3) Inverted Head & Shoulder Pattern
SCENARIO 1:
The stock might break the Long-term TrendLine as well as the Channel pattern with good volumes and fly.
SCENARIO 2:
The stock might come down and fill the gap, where the fib 61.8 matches, and then fly.
We will Check which scenario happens in the coming days
Reasons to Trade:
1) TrendLine resistance
2) Good Volumes
3) Inverted Head & Shoulder Pattern
SCENARIO 1:
The stock might break the Long-term TrendLine as well as the Channel pattern with good volumes and fly.
SCENARIO 2:
The stock might come down and fill the gap, where the fib 61.8 matches, and then fly.
We will Check which scenario happens in the coming days
Trade active:
Scenario 1 Triggered. Let's stick into the trade and get some decent profits.