Long Trade Setup Breakdown for Theravance Biopharma, Inc. (TBPH)📊
🔹 Asset: Theravance Biopharma, Inc. (TBPH)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Breakout from Descending Trendline
🚀 Trade Plan (Long Position):
✅ Entry Zone: $9.36 (Breakout Confirmation)
✅ Stop-Loss (SL): $9.15 (Below Support)
🎯 Take Profit Targets (Long Trade):
📌 TP1: $9.65 (First Resistance)
📌 TP2: $9.99 (Extended Bullish Target)
📊 Risk-Reward Ratio Calculation:
📈 Risk (Stop-Loss Distance):
$9.36 - $9.15 = $0.21
📈 Reward to TP1:
$9.65 - $9.36 = $0.29
💰 Risk-Reward Ratio to TP1: 1:1.4
📈 Reward to TP2:
$9.99 - $9.36 = $0.63
💰 Risk-Reward Ratio to TP2: 1:3.0
🔍 Technical Analysis & Strategy:
📌 Breakout Confirmation: Strong buying momentum above $9.36 signals continuation.
📌 Pattern Formation: Breakout from a descending trendline, suggesting bullish movement.
📊 Key Support & Resistance Levels:
🟢 $9.15 (Strong Support / SL Level)
🟡 $9.36 (Breakout Zone / Entry)
🔴 $9.65 (First Profit Target / Resistance)
🟢 $9.99 (Final Target for Momentum Extension)
🚀 Momentum Shift Expected:
If price sustains above $9.36, it could push towards $9.65 and $9.99.
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 ($9.65), move SL to entry ($9.36) to lock in profits.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $9.65, let the rest run to $9.99.
✔ Adjust Stop-Loss to Break-even ($9.36) after TP1 is hit.
⚠️ Fake Breakout Risk:
If price drops below $9.36 after breakout, be cautious and watch for a retest before re-entering.
🚀 Final Thoughts:
✔ Bullish Setup – If price holds above $9.36, higher targets are expected.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.4 to TP1, 1:3.0 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
🔗 #StockTrading #TBPH #BreakoutTrade #TechnicalAnalysis #MarketTrends #DayTrading #ProfittoPath
