Dear traders, Friends I came with a classical cup and handle breakout pattern. Along with this idea we saw that there was a impulse before this consolidation (presently) . So we can guess a impulse in future. The stock has already give the breakout and this is the time to play a buy move. We expect a bullish movement for long term.
I setup a take profit and stop loss but I want to suggest in this trade that the trailing Stop loss strategy is the best 👍.
🧐➡️ After breakout there is a slow movement because of the overbought condition. We can see the overbought condition by the RSI indicator.