4hr chart pattern: ascending triangle
Resistance: 321.99 -> need to break & close above 322.2 to confirm bullish breakout. A retest to the equal high at $317 ish might happen after reaching this resistance. Still a good call play from 318 to 321.9
Ultimate price target : $349.2
Stoploss: $304.9
*** Stoploss (for option): Just in case if it is still consolidating in the triangle, stop loss at $313, monitor price movement and re-entry when it reacts at $305.2
Resistance: 321.99 -> need to break & close above 322.2 to confirm bullish breakout. A retest to the equal high at $317 ish might happen after reaching this resistance. Still a good call play from 318 to 321.9
Ultimate price target : $349.2
Stoploss: $304.9
*** Stoploss (for option): Just in case if it is still consolidating in the triangle, stop loss at $313, monitor price movement and re-entry when it reacts at $305.2
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.