📈 Long Setup
🔍 Description:
Copart, Inc. (NASDAQ: CPRT) has formed a Double Bottom pattern, signaling a bullish reversal. The price has broken above the confirmation level, indicating momentum to the upside. Strong volume on the breakout adds conviction to the move.
📊 Trade Details:
🔹 Entry: Breakout confirmation above $58.14
🔴 Stop Loss: 50.71
🟢 Target: 64.56
📌 Confirmation:
The breakout above the neckline confirms the double bottom pattern. If price holds above this level, the bullish bias remains valid. A drop below $50.71 would invalidate the setup.
Trade wisely and stick to your plan! 💪📊
🔍 Description:
Copart, Inc. (NASDAQ: CPRT) has formed a Double Bottom pattern, signaling a bullish reversal. The price has broken above the confirmation level, indicating momentum to the upside. Strong volume on the breakout adds conviction to the move.
📊 Trade Details:
🔹 Entry: Breakout confirmation above $58.14
🔴 Stop Loss: 50.71
🟢 Target: 64.56
📌 Confirmation:
The breakout above the neckline confirms the double bottom pattern. If price holds above this level, the bullish bias remains valid. A drop below $50.71 would invalidate the setup.
Trade wisely and stick to your plan! 💪📊
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.