Double bottom formed over 5 months to break the resistance

This stock has broken the resistance at 5.35 with high volume on Jan 23, there were many attempts over the past 10 months, Then it retested the support in the following days with lower volume. Upcoming, to expect that it will break the next level of resistance by increasing the volume, 5.95 Target at 6.55 & cut loss at 5.35.

Note

20190222 White full bodied candlestick has reached the 5.94 and it will go forwards the next target @6.55 & stop profit point @5.73.

Note

Today it has broken out stop profit point with 0.01, however it was just a touch and went up again. Still keep watching

Trade active

update Stop profit @5.87

Trade closed: target reached

Stop profit @5.87. Profit 3.2%

Smith_by_VPPBSS

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Smith_by_VPPBSS

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