The stock provided a breakout and is currently encountering some supply at its all-time high. It would be wise to let it absorb this supply and wait for a retest before considering entry.
For a successful SL hit, we should ideally see a strong 1week candle on our chart—it’s crucial to use that timeframe. Following the breakdown, the ideal exit point would be after a consecutive candle that breaks below the breakdown candle As always, remember to do your own research before making any investment decisions!
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