The stock has previously broken out with good volumes and retested the upper trendline, the point of entry. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 1:1.
SL is placed below multiple major support zones, and previously upper trendline & near lower Trendline. Target is placed near the swing high based on fundamentals.
Note: Earnings will be disclosed during the trade duration. If results are not up to expectations or the trendline is broken after results, it may be a better option to exit the trade.
Risk Reward Ratio - 1:1.
SL is placed below multiple major support zones, and previously upper trendline & near lower Trendline. Target is placed near the swing high based on fundamentals.
Note: Earnings will be disclosed during the trade duration. If results are not up to expectations or the trendline is broken after results, it may be a better option to exit the trade.
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