morning breakout

8 февр. 2021 г.

PPLTR has been forming a nice ascending wedge pattern in addition to what appeared to be a distorted cup and handle. Strong consecutive momentum by evidence of a fourth (4) green day, resistance to the 618 Fibonacci handle retracement and pre-market confirmed the strategy for a gap-up on Monday, February 8th. Traded 40c 2/12 at 140 entry with 210 average exit for a nice 50% gain.