ALANSCOTT BO & wait for retest
The stock provided a breakout and is currently encountering some supply at its all-time high.
It would be wise to let it absorb this supply and wait for a retest before considering entry.
For a successful SL hit, we should ideally see a strong 1week candle on our chart—it’s crucial to use that timeframe.
Following the breakdown, the ideal exit point would be after a consecutive candle that breaks below the breakdown candle
As always, remember to do your own research before making any investment decisions!
It would be wise to let it absorb this supply and wait for a retest before considering entry.
For a successful SL hit, we should ideally see a strong 1week candle on our chart—it’s crucial to use that timeframe.
Following the breakdown, the ideal exit point would be after a consecutive candle that breaks below the breakdown candle
As always, remember to do your own research before making any investment decisions!
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.