LICI formed a triangle pattern on daily chart. Multiple support and resistance levels were tested with aggressive buyers seen in the last swing before the breakout. Also there was a spike in volume on breakout day indicating strong buyers out there. Stop loss can be held just below the breakout candle with target the width of the broader triangle. Risk reward is around 1:1.8
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Hope you liked this idea, if so please boost this idea so others could benefit or leave a comment on what you think. I'll be glad to hear from you. Otherwise happy trading :-)
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