📈 🟢
🔹 Asset: FormFactor, Inc. (FORM – NASDAQ)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Falling Wedge Breakout + Retest Confirmation
📊 Trade Plan – Long Position
✅ Entry Zone: $27.15 (Breakout + Retest Entry)
✅ Stop-Loss (SL): $26.11 (Below wedge + structural support)
🎯 Take Profit Targets:
📌 TP1: $28.97 – Previous resistance
📌 TP2: $31.10 – Major resistance zone
📐 Risk-Reward Calculation
🟥 Risk: $1.04/share
🟩 Reward to TP2: $3.95/share
📊 R/R Ratio: ~1 : 3.8 – Strong swing setup
🔍 Technical Highlights
📌 Clean breakout from falling wedge pattern ✔
📌 Retest bounce confirms bullish strength ✔
📌 Volume spike during breakout ✔
📌 Trendline support holding since April 9 ✔
📉 Risk Management Strategy
🔁 Move SL to breakeven at TP1
💰 Take partials at TP1
🚀 Ride rest to TP2 for max gains
🚨 Setup Invalidation If:
❌ Price breaks and closes below $26.11
❌ Fails to hold above breakout retest zone
🔗 #FORM #BreakoutSetup #SwingTrade #ProfittoPath #NASDAQ #TechnicalAnalysis #SmartMoney #VolumeSpike #RiskReward #ChartPatterns
🔹 Asset: FormFactor, Inc. (FORM – NASDAQ)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Falling Wedge Breakout + Retest Confirmation
📊 Trade Plan – Long Position
✅ Entry Zone: $27.15 (Breakout + Retest Entry)
✅ Stop-Loss (SL): $26.11 (Below wedge + structural support)
🎯 Take Profit Targets:
📌 TP1: $28.97 – Previous resistance
📌 TP2: $31.10 – Major resistance zone
📐 Risk-Reward Calculation
🟥 Risk: $1.04/share
🟩 Reward to TP2: $3.95/share
📊 R/R Ratio: ~1 : 3.8 – Strong swing setup
🔍 Technical Highlights
📌 Clean breakout from falling wedge pattern ✔
📌 Retest bounce confirms bullish strength ✔
📌 Volume spike during breakout ✔
📌 Trendline support holding since April 9 ✔
📉 Risk Management Strategy
🔁 Move SL to breakeven at TP1
💰 Take partials at TP1
🚀 Ride rest to TP2 for max gains
🚨 Setup Invalidation If:
❌ Price breaks and closes below $26.11
❌ Fails to hold above breakout retest zone
🔗 #FORM #BreakoutSetup #SwingTrade #ProfittoPath #NASDAQ #TechnicalAnalysis #SmartMoney #VolumeSpike #RiskReward #ChartPatterns
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.