BREAKOUT WATCH for possible breakout above 2.7, no resistance in area just above.
Type: True breakout from triple resistance.
Target: 3.35, 27.9% Stop: 2.44, Loss: 6.9%, Profit/Loss ratio: 4 : 1 - Excellent
Breakouts are an exception to the normal indicators which can at the same time indicate bearishness.
am going to start trading this again, but at this price will use much tighter stops because if there ever is a breakout that day will have little down ticks....but the risk is still to the downside until they stabilize the cash flow.