LONG $GOL, longterm

Updated
Brazilian airline stock GGOL has a perfect set up, bought it last night, and its up 20% already!
Breakout on the ascending triangle could bring in a real big push! Longterm hold for me, will bounce back nicely!
Price Target: $10-$20
Note
up 14% already, longterm hold... way to great to miss out.
Trade active
tbh this is what I wanted... consolidation around this support line of 6.15 gives me time to add more shares... gonna be adding no matter what.. this is 1/3 the price of what high's were!
Note
fall below 6.15 im bearish... lose 5.13 bear.
Note
eyeing a break of 8.09... bearish on airlines but gonna keep a watch on this one... chart looks better than US airlines
Trade closed: target reached
I closed my positions at $9-10 area... bounced great on support but I am expecting this to break down further imo
AALairlineBABeyond Technical AnalysisbrazilDALGOLLUVTrend Analysis

Disclaimer