$THRM #bullish #breakout from #wedge on weekly #chart

6. Jan. 2020

THRM stock price made an intermediary top back in SEP'18 and since then it has traded downwards inside a nice wedge
After a failed move it has managed to breakout in OCT'19
Result that came out at the end of OCT'19 were not great and the stock has retested the breakout , but the price action held above and now the stock has resumed the uptrend
MACD and RSI very supportive of the move higher as per chart
Targets are:
T1 - top of the wedge at 50.30
T2 - measure move of the breakout from the wedge at 54.10

Good luck,
TA

19. Juli 2020

Trade geschlossen: Ziel wurde erreicht

Target reached
Congrats longs,
TA