Perfect example of Breakout Failure @Fivestar
Stock: Five-star
Stock given the Breakout with good volume after one and a half years.
Nicely closed on breakout day and bullish close.
Next-day entry triggered and consolidated for a few days.
And look how it has broken the low of the breakout candle and not given a chance for the exit, and it's how breakout fails fast and furious
So keeping SL and getting out of a trade is important.
Always manage your risk# Follow your rules # Be discipline
For learning purposes