POLYPLEX formed double bottom on daily chart. Price broke out of the pattern with strong bullish candle. Note the volume spike on green days and low volume when price was falling signaling sellers are dried out. One can consider having stop loss just below previous swing low and target and resistance level. Supporting this RSI also shows divergence on both the bottom signaling bullish momentum. This setup has ideal risk reward ratio.
If you like this idea, please feel free to boost the idea. Otherwise happy trading :-).
If you like this idea, please feel free to boost the idea. Otherwise happy trading :-).
"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." — George Soros