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Long

SAIL LONG.

By Tradeception_
Updated
SAIL has been in an uptrend, continuously forming higher lows. After the recent complex pullback, it seems rested and ready to move forward and challenge its highs and possibly make new ones. It was unable to close above 128 for a number of sessions and has finally broken out past that level on a closing basis. Keep an eye out for levels of 150 and beyond.
Note
Trail stop loss to 130, the low of 14th June if you want to minimize loss. But the uptrend is intact, so patiently waiting with a stop loss below 120 for positional traders is recommended.
Note
Waiting for a new continuation candle on this setup, trend is still bullish.
breakoutChart PatternscontinuationTechnical IndicatorspullbacktradesailshorttermstockideasTrend Analysis
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