Hello traders!
JPPOWER breakout confirmation given on last Friday as it closed above the trendline and the 6ma as well. Breakout is supported by the significantly increasing volume in the last two weeks.
Entry can be taken at current market price on Monday with a tiny Stop Loss. Reward is huge as referred to the chart. Go through the chart for better insight of the analysis.
NOTE: Position sizing and risk management is more important than entry.
DISCLAIMER: This analysis is published only for educational purpose and not for trading recommendations.
JPPOWER breakout confirmation given on last Friday as it closed above the trendline and the 6ma as well. Breakout is supported by the significantly increasing volume in the last two weeks.
Entry can be taken at current market price on Monday with a tiny Stop Loss. Reward is huge as referred to the chart. Go through the chart for better insight of the analysis.
NOTE: Position sizing and risk management is more important than entry.
DISCLAIMER: This analysis is published only for educational purpose and not for trading recommendations.