Triangle pattern on MAXHEALTH
MAXHEALTH formed a triangle pattern on daily chart. Price broke out of resistance today with strong bullishness. Also noted above average volume on breakout day. Stop loss can be had just below the breakout candle with target the width of triangle. Entry can be had just above today's high. This trade has higher risk reward so mindful on where you enter. However it offers 1:2 ratio.
Hope you like this idea, if so please boost this idea of leave a comment below on what you think. Otherwise, happy trading :-).
Hope you like this idea, if so please boost this idea of leave a comment below on what you think. Otherwise, happy trading :-).
"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." — George Soros
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.