GTRONIC, Consolidating After a Breakout; A Trend Begets a Trend?

Bias: Short term consolidation (pennant), with moving averages (MA) in bullish formation.

Stop-loss: 2.00
// This region is the breakout point of the previous resistance, as well as whole number psychology effect.

1st target: 2.27
// Previous high as minor resistance.

2nd target: 2.46
// Projected target from fibonacci extension as well as major resistance region.

Gentle reminder: Plan the trade and trade the plan. Trade at your own risk. Stay tune!

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Comment:

1st target reached with breakout; Nice one!
Congrats to any who bought :)

Trade closed: target reached:

Congrats to our members! 18.75% in 49 days.

Reached 2nd target: 2.46 and started sideways correction.

Thanks for the support :)