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BRP Inc.
Long

Range Established in DOOO - Coming Off the Bottom

By NicAdams
Updated
DOOO flushed out the buyers from the past 3 months and has now established a definable trading range.
As always, manage risk appropriately.
snapshot
Trade active
Target zone reached after broadening the price range. Stop loss set at $60.55 where price would be coming back into the range. Will let it run.
Trade active
Top of broadening formation, entering exhaustion risk. Bonus time above here.
Trade active
Inside 45min; moved stop loss to $61.14.
Looking to add on the range expansion of the inside 45min up >$61.63.
Will use stop of $61.14.

snapshot
Trade closed: stop reached
Old trade stopped out. New trade of upside range expansion has not triggered.
Trade active
Range expansion. New trade engaged.
snapshot
Note
Letting the current trade ride as long as price stays above the previous range it just completed.
Beyond Technical AnalysisTechnical IndicatorsTrend Analysis
NicAdams
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