If you traded long enough, you know that no matter how great looking a chart pattern is, it could still fail. 
SPTN is a good example of that. The 2 months Cup and Handle chart pattern was very well defined with a breakout few days ago on decent volume. Stock stalled right after the breakout with no follow through and ultimately dropped below horizontal breakout line. When you enter a trade, always make sure to know when it is time to exist. Use your trade management skills and use stop losses. This setup is still valid as long as the price does not close below $20. For now the stock is back into its consolidation pattern and no longer in a breakout mode.
#KeepItSimple
SPTN is a good example of that. The 2 months Cup and Handle chart pattern was very well defined with a breakout few days ago on decent volume. Stock stalled right after the breakout with no follow through and ultimately dropped below horizontal breakout line. When you enter a trade, always make sure to know when it is time to exist. Use your trade management skills and use stop losses. This setup is still valid as long as the price does not close below $20. For now the stock is back into its consolidation pattern and no longer in a breakout mode.#KeepItSimple
✔ Momentum & Breakout Trader Since 2006 | Influenced by Mark Minervini VCP Trading Style & William O'Neil CANSLIM 📈
✔ Follow me on Twitter @taplot - twitter.com/TaPlot
✔ YouTube channel youtube.com/@taplot
✔ Follow me on Twitter @taplot - twitter.com/TaPlot
✔ YouTube channel youtube.com/@taplot
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
✔ Momentum & Breakout Trader Since 2006 | Influenced by Mark Minervini VCP Trading Style & William O'Neil CANSLIM 📈
✔ Follow me on Twitter @taplot - twitter.com/TaPlot
✔ YouTube channel youtube.com/@taplot
✔ Follow me on Twitter @taplot - twitter.com/TaPlot
✔ YouTube channel youtube.com/@taplot
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.