I like breakouts, but if price consolidates before making a breakout is more powerful and reliable. I was stalking this stock since long to trade, the last green candle it made that as 2 days a go was a breakout after consolidation and the close was above 200ema i was very confident this stalk would jump and it did exactly as per the plan i entered this trade at 0.534 which i think was not a correct entry as should have waited for a better entry change that was at 0.523 in the same trading session, any ways this is stock market if we are correct we make big money if we are wrong out stop loss will hit and the trade continues. Now this stock have retraced back to retest the breakout area that is 0.515 it can go up again from here bulls did to show some power here else it wil be back in the consolidation area. Interesting part is its still above the 200ema which make me bullish on this one but no sign of strength i would love to see the green candle in sundays session either a solid green candle, green doji or a green hammer candle.
Hit like & follow
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