Long on Vet: two possible plays

27 apr 2021

Scenario a: Vet broke out of red trend line and will continue to go up will small retracements along the way.

Scenario b: Vet continues to follow ascending triangle pattern, but will first break out of the pennant to reach triangle bottom. It will then move back up and break out.

I have illustrated the the relevant support zones dependent on each scenario. Scenario b will yield greater gains than scenario a.

This is my first post, so any feedback is welcome.

Thanks

27 apr 2021

Nota

Vet followed scenario A after all. I would be on the look out for a retracement before continuing with this up trend.