DFEN - 14.69% Profit Potential Swing Trade Setup - Triangle
Ascending Triangle formed after a period of correction. The run should resume and price to hit the resistance line.
Keeping the Stop Loss very tight. Consider lowering it to $22.81 if you don't have much risk exposure in your current trading portfolio.
- Target Entry: $23.50
- Target Stop Loss: $23.20
- Target Exit: $26.90
- Risk / Reward Ratio: 11.33
About me
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
Keeping the Stop Loss very tight. Consider lowering it to $22.81 if you don't have much risk exposure in your current trading portfolio.
- Target Entry: $23.50
- Target Stop Loss: $23.20
- Target Exit: $26.90
- Risk / Reward Ratio: 11.33
About me
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss