📌 🚀
🔹 Asset: Farmer Brothers Company (FARM/USD)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Symmetrical Triangle Breakout
📌 Trade Plan (Long Position)
✅ Entry Zone: Above $2.84 (Breakout Confirmation)
✅ Stop-Loss (SL): Below $2.66 (Break of Support & Triangle)
🎯 Take Profit Targets
📌 TP1: $3.08 (First Resistance Level)
📌 TP2: $3.37 (Final Target – Extended Move)
📊 Risk-Reward Ratio Calculation
📈 Risk (SL Distance): $2.84 - $2.66 = $0.18 risk per share
📈 Reward to TP1: $3.08 - $2.84 = $0.24 (1:1.33 R/R)
📈 Reward to TP2: $3.37 - $2.84 = $0.53 (1:2.94 R/R)
🔍 Technical Analysis & Strategy
📌 Symmetrical Triangle Breakout: FARM is consolidating within a triangle pattern, with a breakout above $2.84 indicating bullish momentum.
📌 Trendline & Support Bounce: Price is testing a trendline breakout, with accumulation signaling potential upside.
📌 Breakout Confirmation: A strong bullish candle closing above $2.84 with volume increase will confirm the move.
📌 Momentum Shift Expected: If price holds above $2.84, a rally toward $3.08 (TP1) and $3.37 (TP2) is likely.
📊 Key Support & Resistance Levels
🟢 $2.66 – Strong Support / Stop-Loss Level
🟡 $2.84 – Entry / Breakout Level
🔴 $3.08 – First Resistance / TP1
🟢 $3.37 – Final Target / TP2
🚀 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong buying volume above $2.84 before entering.
📈 Trailing Stop Strategy: Move SL to entry ($2.84) after TP1 ($3.08) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $3.08, let the rest run to $3.37.
✔ Adjust Stop-Loss to Break-even ($2.84) after TP1 is reached.
⚠️ Fake Breakout Risk
❌ If price fails to hold above $2.84 and reverses back, it could indicate a false breakout—exit early.
❌ Wait for a strong candle close above $2.84 for confirmation before entering aggressively.
🚀 Final Thoughts
✔ Bullish Setup – Holding above $2.84 could lead to higher targets.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.33 to TP1, 1:2.94 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
🔗 #StockTrading #FARM #BreakoutTrade #TechnicalAnalysis #MomentumStocks #ProfittoPath #TradingView #StockMarket #SwingTrading #RiskManagement #ChartAnalysis 🚀📈
🔹 Asset: Farmer Brothers Company (FARM/USD)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Symmetrical Triangle Breakout
📌 Trade Plan (Long Position)
✅ Entry Zone: Above $2.84 (Breakout Confirmation)
✅ Stop-Loss (SL): Below $2.66 (Break of Support & Triangle)
🎯 Take Profit Targets
📌 TP1: $3.08 (First Resistance Level)
📌 TP2: $3.37 (Final Target – Extended Move)
📊 Risk-Reward Ratio Calculation
📈 Risk (SL Distance): $2.84 - $2.66 = $0.18 risk per share
📈 Reward to TP1: $3.08 - $2.84 = $0.24 (1:1.33 R/R)
📈 Reward to TP2: $3.37 - $2.84 = $0.53 (1:2.94 R/R)
🔍 Technical Analysis & Strategy
📌 Symmetrical Triangle Breakout: FARM is consolidating within a triangle pattern, with a breakout above $2.84 indicating bullish momentum.
📌 Trendline & Support Bounce: Price is testing a trendline breakout, with accumulation signaling potential upside.
📌 Breakout Confirmation: A strong bullish candle closing above $2.84 with volume increase will confirm the move.
📌 Momentum Shift Expected: If price holds above $2.84, a rally toward $3.08 (TP1) and $3.37 (TP2) is likely.
📊 Key Support & Resistance Levels
🟢 $2.66 – Strong Support / Stop-Loss Level
🟡 $2.84 – Entry / Breakout Level
🔴 $3.08 – First Resistance / TP1
🟢 $3.37 – Final Target / TP2
🚀 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong buying volume above $2.84 before entering.
📈 Trailing Stop Strategy: Move SL to entry ($2.84) after TP1 ($3.08) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $3.08, let the rest run to $3.37.
✔ Adjust Stop-Loss to Break-even ($2.84) after TP1 is reached.
⚠️ Fake Breakout Risk
❌ If price fails to hold above $2.84 and reverses back, it could indicate a false breakout—exit early.
❌ Wait for a strong candle close above $2.84 for confirmation before entering aggressively.
🚀 Final Thoughts
✔ Bullish Setup – Holding above $2.84 could lead to higher targets.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.33 to TP1, 1:2.94 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
🔗 #StockTrading #FARM #BreakoutTrade #TechnicalAnalysis #MomentumStocks #ProfittoPath #TradingView #StockMarket #SwingTrading #RiskManagement #ChartAnalysis 🚀📈
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.