Long Trade Setup Breakdown for Pitney Bowes Inc. (PBI) - 30-Min 📊
🔹 Asset: Pitney Bowes Inc. (PBI)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Symmetrical Triangle Breakout
🚀 Trade Plan (Long Position):
✅ Entry Zone: $10.51 (Breakout Confirmation)
✅ Stop-Loss (SL): $10.02 (Below Support)
🎯 Take Profit Targets (Long Trade):
📌 TP1: $11.26 (First Resistance)
📌 TP2: $12.07 (Extended Bullish Target)
📊 Risk-Reward Ratio Calculation:
📈 Risk (Stop-Loss Distance):
$10.51 - $10.02 = $0.49
📈 Reward to TP1:
$11.26 - $10.51 = $0.75
💰 Risk-Reward Ratio to TP1: 1:1.5
📈 Reward to TP2:
$12.07 - $10.51 = $1.56
💰 Risk-Reward Ratio to TP2: 1:3.1
🔍 Technical Analysis & Strategy:
📌 Breakout Confirmation: Strong buying momentum above $10.51 signals continuation.
📌 Pattern Formation: Symmetrical triangle breakout, indicating a bullish move.
📊 Key Support & Resistance Levels:
🟢 $10.02 (Strong Support / SL Level)
🟡 $10.51 (Breakout Zone / Entry)
🔴 $11.26 (First Profit Target / Resistance)
🟢 $12.07 (Final Target for Momentum Extension)
🚀 Momentum Shift Expected:
If price stays above $10.51, it could push towards $11.26 and $12.07.
A higher volume breakout would confirm strength in the trend.
🔥 Trade Execution & Risk Management:
📊 Volume Confirmation: Ensure buying volume remains strong after breakout.
📈 Trailing Stop Strategy: If price reaches TP1 ($11.26), move SL to entry ($10.51) to lock in profits.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $11.26, let the rest run to $12.07.
✔ Adjust Stop-Loss to Break-even ($10.51) after TP1 is hit.
⚠️ Fake Breakout Risk:
If price drops below $10.51, be cautious and watch for a retest before re-entering.
🚀 Final Thoughts:
✔ Bullish Setup – If price holds above $10.51, higher targets are expected.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.5 to TP1, 1:3.1 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
🔗 #StockTrading #PBI #BreakoutTrade #TechnicalAnalysis #MarketTrends #ProfittoPath
