Persistence System breakout trade
Persistence System chart indicates a symmetrical triangle pattern, with key resistance at 6000 and support near 5400. The stock is trading above its 50-day MA, 100-day MA, and 21-day EMA, reflecting bullish momentum, a breakout above 6000 with strong volume could signal a bullish continuation toward 6500-6600. Aggressive traders can consider entering on a confirmed breakout above 6000 with a stop-loss near 5800, targeting 6500, while conservative traders may wait for a sustained breakout.
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