Pretty simple setup.
Multiyear trendline got broken yesterday, market gapped higher and stayed above the line.
Market also broke a textbook triangle pattern.
I already entered one position @ 9.93 with a stop @ 9.22 and targeting a big move higher.
and i might also take a second position if market retests the top of the triangle.
Earnings are a risk factor, but they also could be the ignition for the take off higher.
Fundamentals are also starting to turn on this stock, so lets see, maybe we can have a good rally towards 15$
Risk:Reward is also pretty nice.
Best of luck and trade wisely
Multiyear trendline got broken yesterday, market gapped higher and stayed above the line.
Market also broke a textbook triangle pattern.
I already entered one position @ 9.93 with a stop @ 9.22 and targeting a big move higher.
and i might also take a second position if market retests the top of the triangle.
Earnings are a risk factor, but they also could be the ignition for the take off higher.
Fundamentals are also starting to turn on this stock, so lets see, maybe we can have a good rally towards 15$
Risk:Reward is also pretty nice.
Best of luck and trade wisely
