Sprouts Farmers Markets

Updated
Chart pattern: Bull flag

Entry: 27.91$ (this would end the secondary downtrend of the correction)

Stop: 25$

Target: 33$

Stopmanagement: ATR Stops daily chart default settings

Risk:Reward-Ratio: ~ 2:1

Description: The chart is forming a bull flag with a nice corrective pattern (which retraced under the 38 Fibonacci retracement ). Target is the 1:1 Fibonacci extension of the former impuslive move. Also, the decreasing volume during the consolidation confirms the overall bullish sentiment.
Note
New Entry: 26.65$
Trade active
Chart Patterns

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