NCK.ASX_Breakout and Retracement Trade_long

ENTRY: 12.32
SL: 11.72
TP1: 12.80
TP2: 13.80

- ADX>20
- RSI<50,RSI<70
- Daily RS +ve
- Daily FFI +ve
- Daily MACD +ve
- Weekly RS +ve
- Weekly FFI -ve
- Weekly MACD +ve
- Break out of range on 21 Jul 2021
- Retraced to resistance-turned-support area (11.95) on 23 Jul 2021 and rebound with above average volume the next day.
- MAs are aligned

Trade closed: stop reached:

- Hit adjusted SL: 12.60