📈
🔹 Ticker: VPG (NYSE)
🔹 Setup: Falling Wedge Breakout + Key Support Hold
🔸 Breakout Zone: ~$21.40 (yellow zone breakout)
📊 Trade Plan (Long Position)
✅ Entry Zone: $21.35–$21.50
✅ Stop Loss (SL): Below $19.47 (white support zone)
✅ Take Profit Targets:
📌 TP1: $24.19 (red resistance zone)
📌 TP2: $27.48 (green swing high)
📐 Risk-Reward Breakdown
📉 Risk:
$21.40 - $19.47 = $1.93
📈 Reward to TP1:
$24.19 - $21.40 = $2.79 → R/R ≈ 1.45:1
📈 Reward to TP2:
$27.48 - $21.40 = $6.08 → R/R ≈ 3.15:1
🔍 Technical Highlights
Falling wedge breakout with bullish confirmation
Price defended yellow zone with tight candles
Reversal signs near oversold levels
Breakout volume rising = positive momentum
⚙️ Trade Management
🔄 After TP1:
– Move SL to breakeven
– Book partial gains
📈 Let remainder ride to TP2 with a trailing stop below breakout structure
⚠️ Setup Invalidation
❌ Break and close below $19.47
❌ Bearish engulfing below yellow zone
❌ Loss of breakout volume momentum
🔹 Ticker: VPG (NYSE)
🔹 Setup: Falling Wedge Breakout + Key Support Hold
🔸 Breakout Zone: ~$21.40 (yellow zone breakout)
📊 Trade Plan (Long Position)
✅ Entry Zone: $21.35–$21.50
✅ Stop Loss (SL): Below $19.47 (white support zone)
✅ Take Profit Targets:
📌 TP1: $24.19 (red resistance zone)
📌 TP2: $27.48 (green swing high)
📐 Risk-Reward Breakdown
📉 Risk:
$21.40 - $19.47 = $1.93
📈 Reward to TP1:
$24.19 - $21.40 = $2.79 → R/R ≈ 1.45:1
📈 Reward to TP2:
$27.48 - $21.40 = $6.08 → R/R ≈ 3.15:1
🔍 Technical Highlights
Falling wedge breakout with bullish confirmation
Price defended yellow zone with tight candles
Reversal signs near oversold levels
Breakout volume rising = positive momentum
⚙️ Trade Management
🔄 After TP1:
– Move SL to breakeven
– Book partial gains
📈 Let remainder ride to TP2 with a trailing stop below breakout structure
⚠️ Setup Invalidation
❌ Break and close below $19.47
❌ Bearish engulfing below yellow zone
❌ Loss of breakout volume momentum
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.