📈 🟢
Ticker: SMMT (NASDAQ)
Pattern: Ascending Triangle Breakout
Volume Spike: Confirmation with strong push above trendline
🧠 Trade Plan – Long Position
✅ Entry Zone: $27.37 (Breakout candle close above triangle)
✅ Stop-Loss (SL): $26.29 (Below structure support & triangle base)
🎯 Targets:
📌 TP1: $28.71 – Recent resistance
📌 TP2: $30.33 – Major resistance zone
⚖️ Risk-Reward Setup
Risk per share: $1.08
Reward to TP2: $2.96
R:R Ratio: ~1 : 2.7 – Attractive setup!
🔍 Technical Highlights
Bullish consolidation under resistance
Clean breakout with body close above yellow line
Volume confirmation + ascending structure
Ticker: SMMT (NASDAQ)
Pattern: Ascending Triangle Breakout
Volume Spike: Confirmation with strong push above trendline
🧠 Trade Plan – Long Position
✅ Entry Zone: $27.37 (Breakout candle close above triangle)
✅ Stop-Loss (SL): $26.29 (Below structure support & triangle base)
🎯 Targets:
📌 TP1: $28.71 – Recent resistance
📌 TP2: $30.33 – Major resistance zone
⚖️ Risk-Reward Setup
Risk per share: $1.08
Reward to TP2: $2.96
R:R Ratio: ~1 : 2.7 – Attractive setup!
🔍 Technical Highlights
Bullish consolidation under resistance
Clean breakout with body close above yellow line
Volume confirmation + ascending structure
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.