Pre-Earnings BreakoutNYSE:STEM
Looking at the downtrend line for STEM you will notice we have connected four touch points. Today the price action signaled a breakout above the trend line.
Second Image:
In the 'Second Image' we added the 50DMA and notice that yesterday 11Jul24 the stock closed above the 50DMA for the first time in 150 Days.
Entry Level: $1.33
Stop Loss: $1.20
Third Image (Gap 2 May 2024):
Profit Target 1: $1.78 gap from 2 May 2024
Moving Stop Loss: $1.30 after hitting target one and taking 50-75% in profits.
Profit Target 2: $2.00
Happy Trading.