Long
Dechra Pharmaceuticals Fake-Breakout
Last post: June 3rd. See chart.
Review: Price was approaching the resistance level.
Update: Since the last post, price broke above the resistance level but has failed to stay there and has now fallen back below that level. The breakout was a fake breakout.
Conclusion: We need price to break the resistance level again and stay above it before looking for trading opportunities.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
Review: Price was approaching the resistance level.
Update: Since the last post, price broke above the resistance level but has failed to stay there and has now fallen back below that level. The breakout was a fake breakout.
Conclusion: We need price to break the resistance level again and stay above it before looking for trading opportunities.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
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