Breakout from a bullish consolidation

1. very strong upward movement
2. consolidation in the form of a pennant
3. breakout out of the chart formation
4. Rising volume at the breakout of the trend line.

Trade attivo:

Normally, the trade would have been closed at the SL. I only ever set a virtual SL and only close when the daily closing price is below my virtual SL. This would be the case here. However, I still let the trade run because I see the overall market as too exaggerated.

Commento:

the support line at € 100 was sustainably broken downwards. You can close with a loss of about 18%. Depends on which broker you use.
However, I will let the position run because I think the company is strong with good key figures.

Trade chiuso manualmente:

I close with 20% loss