STOK (NASDAQ) - 30-Min Chart Trade Setup Breakdown ! 🚀
🔍 Stock: STOK (NASDAQ)
⏳ Timeframe: 30-Min Chart
📈 Setup Type: Bullish Breakout
📍 Trade Plan:
✅ Entry Zone: Above $12.60 - $12.70 (Breakout Confirmation)
🚀 Take Profit 1 (TP1): $13.32 (First Resistance)
🚀 Take Profit 2 (TP2): $14.21 (Extended Bullish Target)
🔻 Stop-Loss (SL): Below $11.94 (Key Support)
📊 Risk-Reward Ratio: Favorable for a bullish continuation 📈
🔹 Technical Analysis & Setup:
✅ Pattern: Rising Wedge Breakout 📈
✅ Breakout Confirmation Needed: Price holding above $12.60 with volume support
✅ Resistance Zones:
$13.32 - $13.50: First Major Resistance
$14.21: Extended Target for strong momentum
✅ Momentum Shift Expected: A breakout could trigger a strong uptrend 🚀
🔥 Trade Strategy & Refinements:
📊 Volume Confirmation: Look for increasing buying volume above $12.60 📉
📉 Trailing Stop Strategy: Once price reaches TP1 ($13.32), adjust SL higher to secure profits 🛑
💰 Partial Profit Booking: Take partial profits at $13.32 and let the rest ride toward $14.21+ 💵
⚠️ Fake Breakout Risk: If price drops back below $12.60, reconsider entry ❌
🚀 Final Thoughts:
✅ Bullish Breakout Confirmed – High probability of continuation higher 📈
✅ Momentum Shift Possible – A move above $13.32 could accelerate the upside 🚀
✅ Strong Risk-Reward Setup – SL at $11.94, TP at $13.32 - $14.21 for optimal gains
📊 Trade Smart & Stick to the Plan! 🏆🔥
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