ORIENTBELL
Broke out of an ascending triangle pattern. Breakout candle is excellent - Gap up and huge volumes. Price is also above its all time high. A price action trade can be taken in this script with conservative buying and position sizing because of weak markets.
Enter 10% of position at C.M.P and the rest after retrace.
Expect bigger momentum if the impact of budget is positive.
Targets: 500/700/780+
Place a deep sl below 370 levels.
Positional high risk, high reward, high probability trade.
Holding period anywhere between 1 month to 6 months +
Position size accordingly. HAPPY TRADING!
Trade attivo:
Good momentum of 8% seen. Hold!