MLys (MLYS) 30-Min Chart Analysis!

📊
✅ Setup Type: Symmetrical Triangle Breakout
✅ Entry Zone: Above $14.24 (Breakout Confirmation)
✅ Stop-Loss: Below $13.65 (Key Support Level)

🎯 Take Profit Targets: 📌 TP1: $15.10 (First Resistance Level)
📌 TP2: $16.19 (Extended Bullish Move)

📊 Risk-Reward Calculation: 📉 Risk (SL Distance):
$14.24 - $13.65 = $0.59 risk per share

📈 Reward to TP1:
$15.10 - $14.24 = $0.86 (1:1.45 R/R)

📈 Reward to TP2:
$16.19 - $14.24 = $1.95 (1:3.30 R/R)

📌 Favorable R/R Ratio – A solid trade setup!

📉 Key Technical Analysis Insights
1️⃣ Breakout Confirmation Needed:

The price is breaking the triangle's upper resistance.
A 30-min candle close above $14.24 confirms the breakout.
2️⃣ Volume Confirmation:

Bullish volume should spike above $14.24 for a valid breakout.
Weak volume could lead to a fake breakout.
3️⃣ Support & Resistance Levels:

Support: $13.65 (Trendline & SL Level)
Resistance:
🔴 $15.10: Key level; price must break for TP2.
🟢 $16.19: Major breakout zone.
🚀 Trade Execution Strategy
📌 Risk-Management: ✔ Wait for a 30-min candle close above $14.24 before entering.
✔ Volume Confirmation: If weak, avoid the trade.
✔ Move SL to Break-even ($14.24) after TP1 is hit.

📌 Partial Profit Booking: ✔ Sell 50% at TP1 ($15.10), let the rest run toward TP2 ($16.19).

📌 Fake Breakout Risk: ❌ If price rejects $14.24 and falls back inside the triangle, exit early.
❌ Watch for retest of $14.24 after breakout for a safer entry.

🛠️ Comparison: MLys (MLYS) vs ON Semiconductor (ON)
Stock Entry SL TP1 TP2 Risk-Reward (TP2)
MLYS $14.24 $13.65 $15.10 $16.19 1:3.30 ✅
ON $43.24 $42.11 $44.49 $46.07 1:2.50 ✅
📌 MLYS has a better R/R ratio (1:3.30) than ON (1:2.50), making it a stronger trade IF volume confirms the breakout.

🔎 Final Thoughts
✔ MLYS is showing a strong breakout potential but needs confirmation.
✔ A higher R/R ratio makes it attractive – but only enter if volume supports.
✔ ON Semiconductor is also a good trade, but MLys offers a higher reward.