🚀 📈🔥
🔍 Stock: FPH (NYSE)
⏳ Timeframe: 30-Min Chart
📈 Setup Type: Bullish Breakout
📍 Trade Plan:
✅ Entry: $6.41 (Breakout Confirmation)
❌ Stop-Loss (SL): $6.08 (Below key support for risk management)
🎯 Target 1: $6.81 (First Resistance Level)
🚀 Target 2: $7.22 (Major Resistance Level – Moon Shot! 🌙)
🔹 Risk-Reward Ratio: Strongly favorable 📊
🔹 Momentum: Uptrend continuation with breakout confirmation 📈
🔹 Pattern: Rising wedge breakout
🔥 Trade Strategy & Refinements:
📊 Volume Confirmation: Ensure strong buying volume supports the breakout.
📉 Trailing Stop Strategy: If price reaches $6.81, consider moving SL to breakeven ($6.41) or higher.
💰 Partial Profit Booking: Take some profits at Target 1 and let the rest ride towards Target 2.
⚠️ Watch for Retest: If price retests $6.41 and holds, it confirms continued momentum.
🚀 Final Thoughts:
✅ Bullish Chart Setup – Ideal breakout conditions.
✅ Strong Volume & Trend – Key factors for continuation.
✅ Disciplined Risk Management – Maintain SL for protection.
Plan Your Trade & Trade Your Plan! 🏆💰
Let me know if you need any modifications! 🚀📈
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## Key Points Breakdown
– **Stock Under Review:** FPH on NYSE
– **Timeframe for Analysis:** 30-Minute Chart
– **Trade Type:** Bullish Breakout setup identified
– **Entry Point:** $6.41 upon breakout confirmation
– **Stop-Loss:** Set at $6.08 to minimize risk, below key support
– **Target 1:** $6.81 (First Resistance Level)
– **Target 2:** $7.22 (Major Resistance Level, potential for significant gain)
– **Risk-Reward Ratio:** Strongly favorable, allowing for potential profit maximization
– **Current Market Dynamics:** Uptrend continuation with confirmed breakout pattern identified as a rising wedge
– **Volume Requirement:** Strong buying volume needed to validate the breakout
– **Strategic Refinements:**
– Consider a trailing stop strategy to secure profits once the first target is reached.
– Partial profit booking recommended at Target 1 while allowing the remaining position to seek Target 2.
– Important to watch for a potential retest of $6.41, which could confirm sustained upward momentum.
## Final Thoughts
The bullish sentiment surrounding FPH is underscored by a well-structured breakout setup, enhanced by positive momentum and disciplined risk management strategies. As traders pursue this opportunity, the combination of favorable risk-reward prospects and key technical indicators provide a strong basis for optimism. It’s crucial to monitor volume closely and implement prudent profit-taking methods to safeguard gains while letting the position inflate further. This trade presents an exciting opportunity in current market conditions, but maintaining discipline and vigilance is essential.
Disclaimer. The opinions expressed by our writers are their own and do not represent the views of JustInvestNews. The financial and market information provided on JustInvestNews is intended for informational purposes only. JustInvestNews is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Original article: https://www.tradingview.com/chart/PL/mau7EJLR-FPH-Long-Trade-Setup-30-Min-Chart/
