Trade able Pennant pattern gave breakout with higher volume yesterday. It offers a good opportunity for short term gain. The pattern is relative short pattern so the target can be reached in next week. Risk to reward ratio is quite reasonable.
Trade active
Moving as expected continuing the trade with trailing stop loss.Trade closed: target reached
Stock moved exactly as the pattern should behave. It seems still there is a energy left but I am closing the trade on reaching the target price and happy with the profit.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.