The stock broke the downtrend resistance but remained a high risk as it was still completing its base patter Head and Shoulder or Cup and handle. Take you pick. The stock looking ready for a breakout.
A great Risk: Reward trade
A great Risk: Reward trade
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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.