Trade able Pennant pattern gave breakout with higher volume yesterday. It offers a good opportunity for short term gain. The pattern is relative short pattern so the target can be reached in next week. Risk to reward ratio is quite reasonable.
Trade ist aktiv:
Moving as expected continuing the trade with trailing stop loss.
Trade geschlossen: Ziel wurde erreicht:
Stock moved exactly as the pattern should behave. It seems still there is a energy left but I am closing the trade on reaching the target price and happy with the profit.
