Chart pattern: Break out

Entry: Immediately

Stop: 55$

Target: 61.50$

Risk/Reward-Ratio: > 2:1

Stopmanagement: Parabolic SAR daily chart default settings

Description: The price broke out of a trading range and is testing the former resistance level which now acts as support. The high volume from the break out is also confirming the long scenario.
Trend Analysis

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