SMSPHARMA - Weekly breakout
Analysis for educational purposes only. I am not a registered analyst.
- In the weekly chart, we see a breakout of previous HH
- HH is retested which is an ideal entry point.
- Set SL as previous low or in cases where there are other lows close by, choose the lowest one.
- Calculate the possible loss assuming the stock hits SL
- If you are OK with the calculated loss, enter OR wait for a suitable entry.
- Trail the SL at every new Higher Low.
- Wait for breakdown of a Higher Low OR Target
- In the weekly chart, we see a breakout of previous HH
- HH is retested which is an ideal entry point.
- Set SL as previous low or in cases where there are other lows close by, choose the lowest one.
- Calculate the possible loss assuming the stock hits SL
- If you are OK with the calculated loss, enter OR wait for a suitable entry.
- Trail the SL at every new Higher Low.
- Wait for breakdown of a Higher Low OR Target
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.