Waves Corporation Ltd (PSX: WAVES) – Weekly Chart Breakout

8월 30일

Waves has finally broken out of a long consolidation zone with strong volume confirmation. Price closed at 9.97 (+10.29%), above both the 10 SMA (8.48) and 20 SMA (8.00).

📌 Trading Plan:
Buy 1: CMP
Buy 2: 9.4
Avg Entry: 9.6
Stop Loss: 8.5
TP1: 12
TP2: 16

📊 Observations:
RSI at 69.29, approaching overbought but still room to run.
Weekly breakout after 2+ years of sideways action.
Strong volume spike supports bullish momentum.

⚠️ Risk management is key: Protect with SL below 8.5.

4일 전

액티브 트레이드

TP1 hit
Trail your SL at breakeven and ride for TP2