Following a significant downtrend, the stock
XYZ has been consolidating since May 2022, trading within a range of $45–$50 and $90.
Within this broad consolidation, the price has repeatedly reacted to the $81–$82 level. Recently, after a sharp rally from $45, the stock is now consolidating right below this levela, forming a bullish flag pattern.
A breakout to the upside could propel the price toward the $98–$99 level, as suggested by the volume profile. With a dynamic breakout and a tight stop-loss set around $78, the risk-reward ratio could exceed 5:1.
Within this broad consolidation, the price has repeatedly reacted to the $81–$82 level. Recently, after a sharp rally from $45, the stock is now consolidating right below this levela, forming a bullish flag pattern.
A breakout to the upside could propel the price toward the $98–$99 level, as suggested by the volume profile. With a dynamic breakout and a tight stop-loss set around $78, the risk-reward ratio could exceed 5:1.
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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.