Long

SAZEW | Bullish Pennant Pattern

Updated

SAZEW printed a bullish pennant pattern with no sign of divergence. A bullish trend continuation is expected, entry is suggested at 700 with the stop loss below previous lower high level at 650. Previous top of 782.50 considered as TP1 and after the break out it can leads towards the completion of pennant pattern, the price can projected towards 1,000.

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Ready to fly

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First Target Achieved, profit taking can be consider at this level and again take entry on dip.

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Breakout confirmed with a bullish candlestick

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Guys you must remember losing streak or winning streak isn't permanent, Traders must get use to it. Managing your risk is a key to success in this industry. Always use trailing stop loss. Retesting previous resistance to act as support around 782.50. If the selling pressure resumes and the buyer gets active the optimum target will be 1,000.

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SAZEW just tested its previous resistance now acting as support. Wait for pull back confirmation.

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SAZEW shows a massive pull back from its support level and currently trading at its resistance level of around 850. If it breaks its resistance and sustains above then we can expect its mentioned second target of 1000 🚀🚀

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Trade closed: target reached

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mbaberhanif

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