STOK (NASDAQ) - 30-Min Chart Trade Setup Breakdown ! π
π Stock: STOK (NASDAQ)
β³ Timeframe: 30-Min Chart
π Setup Type: Bullish Breakout
π Trade Plan:
β
Entry Zone: Above $12.60 - $12.70 (Breakout Confirmation)
π Take Profit 1 (TP1): $13.32 (First Resistance)
π Take Profit 2 (TP2): $14.21 (Extended Bullish Target)
π» Stop-Loss (SL): Below $11.94 (Key Support)
π Risk-Reward Ratio: Favorable for a bullish continuation π
πΉ Technical Analysis & Setup:
β
Pattern: Rising Wedge Breakout π
β
Breakout Confirmation Needed: Price holding above $12.60 with volume support
β
Resistance Zones:
$13.32 - $13.50: First Major Resistance
$14.21: Extended Target for strong momentum
β
Momentum Shift Expected: A breakout could trigger a strong uptrend π
π₯ Trade Strategy & Refinements:
π Volume Confirmation: Look for increasing buying volume above $12.60 π
π Trailing Stop Strategy: Once price reaches TP1 ($13.32), adjust SL higher to secure profits π
π° Partial Profit Booking: Take partial profits at $13.32 and let the rest ride toward $14.21+ π΅
β οΈ Fake Breakout Risk: If price drops back below $12.60, reconsider entry β
π Final Thoughts:
β
Bullish Breakout Confirmed β High probability of continuation higher π
β
Momentum Shift Possible β A move above $13.32 could accelerate the upside π
β
Strong Risk-Reward Setup β SL at $11.94, TP at $13.32 - $14.21 for optimal gains
π Trade Smart & Stick to the Plan! ππ₯
π #LongTrade #StockTrading #STOK #TechnicalAnalysis #DayTrading #MomentumTrading #BreakoutSetup #RiskReward #TradingPlan #ProfittoPath ππ