Avangrid, Inc.Long
AGR. Range Breakout
Updated
AGR broke above 48.50 price level. Possible Long entry with ~2:1 ratio.
Key points:
Profit Target could be around 55 or higher if the breakout happens, initial Stop Loss around 47.50.
Key points:
- Range from January 2022 to July 2022
- 48.50 breakout
- Pullback
- Increased volume
- Extension to the primary direction of the breakout
Profit Target could be around 55 or higher if the breakout happens, initial Stop Loss around 47.50.
Trade closed: stop reached
Unfortunately the forecast was wrong and SL triggered for the trade.Looking back for the mistakes I can define the following:
48.50 breakout have been followed by divergence what is a sign of price weakness
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