$IPHI: Symmetrical Triangle - pullback on ema_50d
IIPHI has been building up a nice symmetrical triangle lately. One way to play is to enter on a support - as a anticyclical trade with a favorable risk ratio.. This support was presented by bouncing off the ema_50d.
The volume is contracting ever since which is a confirming aspect.
A possible trade might be:
Target zone: $ 130
Entry: $ 110
Stop: $ 105
What are your thoughts about it? Also in current setup.
The volume is contracting ever since which is a confirming aspect.
A possible trade might be:
Target zone: $ 130
Entry: $ 110
Stop: $ 105
What are your thoughts about it? Also in current setup.
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