HONAUT formed a triangle patter on weekly chart. This pattern has been forming for the last two years. It appears breakout has happened on it today. Though the volume was relatively low compared to previous trading session. There was strong bullishness with Marubozu candle formation today. Multiple support and resistance were tested with recent runup in price that broke out of resistance. Entry can be held just above today's high with stop loss below previous trading session candle as shown on the chart.
Hope you liked this idea. If you do, please boost the idea or leave a comment below. I'll be glad to have a chat. Otherwise happy trading :-).
Hope you liked this idea. If you do, please boost the idea or leave a comment below. I'll be glad to have a chat. Otherwise happy trading :-).
"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." — George Soros
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"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." — George Soros
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.