POWR has completed accumulation and has broken out, forming a wedge on the 4H chart, looks to be testing the wedge resistance now and a breakout is possible. If we are rejected, we will bounce off the wedge support once more before breaking out.
POWR
Buy - 0.00004800-5250
Target 1: 0.00005700
Target 2: 0.00006100
Target 3: 0.00006600
Target 4: 0.00007900
Target 5: 0.00012000
Stop loss: 0.00004500
POWR
Buy - 0.00004800-5250
Target 1: 0.00005700
Target 2: 0.00006100
Target 3: 0.00006600
Target 4: 0.00007900
Target 5: 0.00012000
Stop loss: 0.00004500
Trade active:
First target hit for a 19% gain!
Comment:
Second target hit for a 27% gain
Comment:
Third target hit for a 38% profit