Long

Delta Corp: The Breakout Trade

Aggiornato

Notes on the chart.

Trade Safe

Regards
Bravetotrade

Nota

Stock is performing well since the breakout but currently trading at 188 which is 61.8% of the downleg from 218 to 139.

So far nothing suspicious, manage SL so as to lock some profits.

Nota

It would be interesting to notice stock behavior near 200/209. Until then trailing would be the best strategy.

Nota

2nd get also achieved.

After crossing 197 hurdle, 208/209 would be an easy move.

The harmonic pattern above has been suggesting reversal on that spot but only the price action would reveal what can be the future direction.

Nota

For remaining position my SL is at 185.

Nota

Moving SL to 189

Bravetotrade

JJ Singh
Trader/Investor
Moderator, TradingView

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