HPQ - 14.95% Potential Profit - Ascending Triangle
Updated
Ascending triangle formed after a 9-month modest rally. Multiple new support confirmation over the past few days.
Support has been broken in a few occasions. However, I still feel that the risk/reward ratio is acceptable.
- Target Entry $24.30
- Target Stop Loss $23.81
- Target Exit $28.01
About me
- P/L: Oct-Nov-Dec Trading Suspended | September +49.18% | August: +232.32% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
Support has been broken in a few occasions. However, I still feel that the risk/reward ratio is acceptable.
- Target Entry $24.30
- Target Stop Loss $23.81
- Target Exit $28.01
About me
- P/L: Oct-Nov-Dec Trading Suspended | September +49.18% | August: +232.32% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
Note
Great price action, adjusting my SL to protect profit.
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