RECLTD - Ascending Triangle Pattern
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The stock has been ascending for the past few days, and has been close to resistance quite a few times.
Considering the setup, it is a likely candidate for Breakout of resistance, for a likely target of 180.
I recommend a stop loss of 155, but you can take a call basis your risk profile.
The trade offers a risk reward ratio of >1:4.
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Considering the setup, it is a likely candidate for Breakout of resistance, for a likely target of 180.
I recommend a stop loss of 155, but you can take a call basis your risk profile.
The trade offers a risk reward ratio of >1:4.
Please follow us for more trading setups like these.
If you have any queries/suggestions related to above pattern, feel free to type below in the comment section.
Do show your love by pressing the like if you liked the idea.
交易結束：達到停損點
Stop reached on Oct 21
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