ELPL4 - Potential breakout from a Pennant
Updated
Looking at the daily and smaller timeframes (1h or 4h), it is possible to see a potential pennant formation on this stock.
Expecting a retest of the high at 15,98 Reais.
Entry at market.
Stop Loss at 14,43 Reais
Target at 15,93 Reais
Expecting a retest of the high at 15,98 Reais.
Entry at market.
Stop Loss at 14,43 Reais
Target at 15,93 Reais
Trade closed: stop reached
Price almost reached target and then reversed and moved all way down to stop loss.
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.