STOK (NASDAQ) - 30-Min Chart Trade Setup Breakdown ! ๐
๐ Stock: STOK (NASDAQ)
โณ Timeframe: 30-Min Chart
๐ Setup Type: Bullish Breakout
๐ Trade Plan:
โ
Entry Zone: Above $12.60 - $12.70 (Breakout Confirmation)
๐ Take Profit 1 (TP1): $13.32 (First Resistance)
๐ Take Profit 2 (TP2): $14.21 (Extended Bullish Target)
๐ป Stop-Loss (SL): Below $11.94 (Key Support)
๐ Risk-Reward Ratio: Favorable for a bullish continuation ๐
๐น Technical Analysis & Setup:
โ
Pattern: Rising Wedge Breakout ๐
โ
Breakout Confirmation Needed: Price holding above $12.60 with volume support
โ
Resistance Zones:
$13.32 - $13.50: First Major Resistance
$14.21: Extended Target for strong momentum
โ
Momentum Shift Expected: A breakout could trigger a strong uptrend ๐
๐ฅ Trade Strategy & Refinements:
๐ Volume Confirmation: Look for increasing buying volume above $12.60 ๐
๐ Trailing Stop Strategy: Once price reaches TP1 ($13.32), adjust SL higher to secure profits ๐
๐ฐ Partial Profit Booking: Take partial profits at $13.32 and let the rest ride toward $14.21+ ๐ต
โ ๏ธ Fake Breakout Risk: If price drops back below $12.60, reconsider entry โ
๐ Final Thoughts:
โ
Bullish Breakout Confirmed โ High probability of continuation higher ๐
โ
Momentum Shift Possible โ A move above $13.32 could accelerate the upside ๐
โ
Strong Risk-Reward Setup โ SL at $11.94, TP at $13.32 - $14.21 for optimal gains
๐ Trade Smart & Stick to the Plan! ๐๐ฅ
๐ #LongTrade #StockTrading #STOK #TechnicalAnalysis #DayTrading #MomentumTrading #BreakoutSetup #RiskReward #TradingPlan #ProfittoPath ๐๐