JAMNAAUTO
has been consolidating in a rising channel pattern throughout its entire uptrend for around 1.5 years. Price hasn't broken out from the channel. Expecting a breakout today or in the coming weeks.
If price breaks out, enter at the close and place stop loss below below 112 and look for targets of 180 to 200.
Keep stock in watchlist. Best to wait for the breakout instead of jumping in now as a breakdown can also happen.
Position size accordingly after breakout. HAPPY TRADING!
Transaction en cours:
Track closely. Breakout today. Wait for today's close and enter tomorrow.
Commentaire:
Price did not break out with good closing. Retraced back to channel and took support. Track closely and enter after a clear breakout.