📊
✅ Setup Type: Symmetrical Triangle Breakout
✅ Entry Zone: Above $14.24 (Breakout Confirmation)
✅ Stop-Loss: Below $13.65 (Key Support Level)
🎯 Take Profit Targets: 📌 TP1: $15.10 (First Resistance Level)
📌 TP2: $16.19 (Extended Bullish Move)
📊 Risk-Reward Calculation: 📉 Risk (SL Distance):
$14.24 - $13.65 = $0.59 risk per share
📈 Reward to TP1:
$15.10 - $14.24 = $0.86 (1:1.45 R/R)
📈 Reward to TP2:
$16.19 - $14.24 = $1.95 (1:3.30 R/R)
📌 Favorable R/R Ratio – A solid trade setup!
📉 Key Technical Analysis Insights
1️⃣ Breakout Confirmation Needed:
The price is breaking the triangle's upper resistance.
A 30-min candle close above $14.24 confirms the breakout.
2️⃣ Volume Confirmation:
Bullish volume should spike above $14.24 for a valid breakout.
Weak volume could lead to a fake breakout.
3️⃣ Support & Resistance Levels:
Support: $13.65 (Trendline & SL Level)
Resistance:
🔴 $15.10: Key level; price must break for TP2.
🟢 $16.19: Major breakout zone.
🚀 Trade Execution Strategy
📌 Risk-Management: ✔ Wait for a 30-min candle close above $14.24 before entering.
✔ Volume Confirmation: If weak, avoid the trade.
✔ Move SL to Break-even ($14.24) after TP1 is hit.
📌 Partial Profit Booking: ✔ Sell 50% at TP1 ($15.10), let the rest run toward TP2 ($16.19).
📌 Fake Breakout Risk: ❌ If price rejects $14.24 and falls back inside the triangle, exit early.
❌ Watch for retest of $14.24 after breakout for a safer entry.
🛠️ Comparison: MLys (MLYS) vs ON Semiconductor (ON)
Stock Entry SL TP1 TP2 Risk-Reward (TP2)
MLYS $14.24 $13.65 $15.10 $16.19 1:3.30 ✅
ON $43.24 $42.11 $44.49 $46.07 1:2.50 ✅
📌 MLYS has a better R/R ratio (1:3.30) than ON (1:2.50), making it a stronger trade IF volume confirms the breakout.
🔎 Final Thoughts
✔ MLYS is showing a strong breakout potential but needs confirmation.
✔ A higher R/R ratio makes it attractive – but only enter if volume supports.
✔ ON Semiconductor is also a good trade, but MLys offers a higher reward.
✅ Setup Type: Symmetrical Triangle Breakout
✅ Entry Zone: Above $14.24 (Breakout Confirmation)
✅ Stop-Loss: Below $13.65 (Key Support Level)
🎯 Take Profit Targets: 📌 TP1: $15.10 (First Resistance Level)
📌 TP2: $16.19 (Extended Bullish Move)
📊 Risk-Reward Calculation: 📉 Risk (SL Distance):
$14.24 - $13.65 = $0.59 risk per share
📈 Reward to TP1:
$15.10 - $14.24 = $0.86 (1:1.45 R/R)
📈 Reward to TP2:
$16.19 - $14.24 = $1.95 (1:3.30 R/R)
📌 Favorable R/R Ratio – A solid trade setup!
📉 Key Technical Analysis Insights
1️⃣ Breakout Confirmation Needed:
The price is breaking the triangle's upper resistance.
A 30-min candle close above $14.24 confirms the breakout.
2️⃣ Volume Confirmation:
Bullish volume should spike above $14.24 for a valid breakout.
Weak volume could lead to a fake breakout.
3️⃣ Support & Resistance Levels:
Support: $13.65 (Trendline & SL Level)
Resistance:
🔴 $15.10: Key level; price must break for TP2.
🟢 $16.19: Major breakout zone.
🚀 Trade Execution Strategy
📌 Risk-Management: ✔ Wait for a 30-min candle close above $14.24 before entering.
✔ Volume Confirmation: If weak, avoid the trade.
✔ Move SL to Break-even ($14.24) after TP1 is hit.
📌 Partial Profit Booking: ✔ Sell 50% at TP1 ($15.10), let the rest run toward TP2 ($16.19).
📌 Fake Breakout Risk: ❌ If price rejects $14.24 and falls back inside the triangle, exit early.
❌ Watch for retest of $14.24 after breakout for a safer entry.
🛠️ Comparison: MLys (MLYS) vs ON Semiconductor (ON)
Stock Entry SL TP1 TP2 Risk-Reward (TP2)
MLYS $14.24 $13.65 $15.10 $16.19 1:3.30 ✅
ON $43.24 $42.11 $44.49 $46.07 1:2.50 ✅
📌 MLYS has a better R/R ratio (1:3.30) than ON (1:2.50), making it a stronger trade IF volume confirms the breakout.
🔎 Final Thoughts
✔ MLYS is showing a strong breakout potential but needs confirmation.
✔ A higher R/R ratio makes it attractive – but only enter if volume supports.
✔ ON Semiconductor is also a good trade, but MLys offers a higher reward.
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.