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.
