Double Bottom Breakout with Gap-Up — Target 108

8 set

1) Pattern + Breakout Confirmation

The chart has formed a double bottom structure, a classic reversal setup that signals the end of a downtrend and potential start of an uptrend. After testing the support zone twice and holding firm, price opened with a strong gap-up above the neckline, confirming bullish intent.

2) Trade Plan — Path Toward 108

The measured move from the double bottom formation projects an upside target of 108, aligning with a prior resistance zone. Traders can consider entry on the breakout or wait for a pullback to the neckline for a safer risk-reward setup. The invalidation level lies just below the neckline gap, while momentum favors continuation higher. Holding above the breakout zone keeps the bullish bias intact until the target at 108 is approached.

16 set

Trade chiuso: obiettivo raggiunto

stock has crossed the target