Strong Multi-Timeframe Breakout with Bullish Momentum | LONG

Ticker: NTAP (NASDAQ: NTAP)
Strategy: Swing Trade / Position Trade
Timeframe: Daily & 4H

📈 Trade Idea: LONG
Entry: $115.91 (Breakout confirmation above recent resistance)

Stop Loss: $107.91 (Below support and 20-period SMA)

Take Profit: $131.38 (Measured move + R:R = 1:2)

Risk/Reward Ratio: 1:2

🎯 Technical Justification:
Trend: Strong bullish alignment across Daily, 4H, and 1H timeframes.

Breakout: Price has cleared key resistance with increasing volume, signaling continuation.

Indicators:

RSI in bullish zone (not overbought)

MACD positive and above signal line

Price trading above all major SMAs (20, 50)

Stop Loss: Placed $8 below entry to avoid normal volatility while protecting capital.

📊 Fundamental Support:
Strong net income growth 🚀

Healthy debt management ✅

Fair valuation relative to earnings growth 📊

⚖️ Risk Management:
Position size based on risk ≤ 2% of portfolio

No emotional exits – trust the plan

Disclaimer: Not financial advice. Do your own research and manage risk.