Parlo breakout from symmetrical triangle.
Was rejected by the 495 resistance and 520 resistance days before but the volume keep coming and try to push the price out of the triangle. Today it BO from 550 (RBS) and amazingly huge volume pass it through the 575 (RBS) too. It closes at 600 which is better than I expected.
We might see some retracement/profit taking on Monday, but as long as the prices doesn't fall below 575/550, I would consider to swing Parlo.
Best EP - 575/580
EP CP - 590-600
CL - 570/550/520
TP - 650/700 and more ?
Estimated time frame - 2 weeks - 2 months
Was rejected by the 495 resistance and 520 resistance days before but the volume keep coming and try to push the price out of the triangle. Today it BO from 550 (RBS) and amazingly huge volume pass it through the 575 (RBS) too. It closes at 600 which is better than I expected.
We might see some retracement/profit taking on Monday, but as long as the prices doesn't fall below 575/550, I would consider to swing Parlo.
Best EP - 575/580
EP CP - 590-600
CL - 570/550/520
TP - 650/700 and more ?
Estimated time frame - 2 weeks - 2 months
Trade closed: target reached:
Parlo hit 0.65 in 4 days, Next is 700. Lets see if still got strength