LAURSLABS formed a Pennant on weekly chart. Price had a good runup prior to formation of pattern with high volume. It also had low volume upon formation of Pennant (i.e. during consolidation). Breakout has happened with above average volume as well. Entry is just above today's high with stop loss just below today's low. This setup has an ideal risk reward ratio. A typical text book setup.
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Hope you like this analysis. If you like this idea please boost this idea or leave a comment below on what your view is. I'll be happy to hear from you. Otherwise, happy trading :-)
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