The price is forming The Ascending Triangle and signals that the trend is about to change soon. Once MA50 crosses above long term average (MA100) this is strong signal for the beginning of an uptrend. The price is not above MA100. Stop-loss should be set under the pattern at 210 level. Buy orders should be set on breakout above 265 level. Buy orders should be cancelled if the support level of this pattern breaks below 210 level. Partial of the profit should be taken at 276 - 284 Levels and rest of the amount should be left for the longer term targets at 323 & 370 levels. I do not recommend buying too early and only buy from breakouts with strong signals. If you end up buying too early you might end up holding your position really long time before making any profits. This is important part of managing your risks.
Things to Remember:
-> Stop-loss orders are strongly recommended.
-> Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
-> Do your homework before investing.
DISCLAIMER:
Please be aware I am providing this trading information for your benefit and insight to my trading strategies. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything.
Yarr!
Things to Remember:
-> Stop-loss orders are strongly recommended.
-> Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
-> Do your homework before investing.
DISCLAIMER:
Please be aware I am providing this trading information for your benefit and insight to my trading strategies. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything.
Yarr!
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Broke upwards from the pattern and partial profit target reached.
