📊
🔹 Stock: BKYS (NYSE)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Ascending Triangle Breakout
🔹 Entry Price: $17.60 - $18.00 (Breakout Confirmation Zone)
🚀 Trade Plan:
✅ Entry Zone: $17.60 - $18.00 (Confirmed Breakout)
✅ Stop-Loss (SL): $16.53 (Below the ascending trendline)
✅ Take Profit Targets:
TP1: $19.21 (First Resistance)
TP2: $20.73 (Extended Target)
📊 Risk-Reward Ratio Calculation:
Risk (Stop-Loss Distance): $17.60 - $16.53 = $1.07
Reward to TP1: $19.21 - $17.60 = $1.61
Risk-Reward Ratio to TP1: 1:1.5
Reward to TP2: $20.73 - $17.60 = $3.13
Risk-Reward Ratio to TP2: 1:2.9
🔍 Technical Analysis & Strategy
📌 Breakout Confirmation: Price moving above $18.00 with increased volume.
📌 Pattern Formation: Ascending Triangle Breakout, signaling bullish momentum.
📌 Support & Resistance Levels:
$16.53 (Support/SL Level)
$17.60 (Breakout Level)
$19.21 (First Profit Target/Resistance)
$20.73 (Final Target for Momentum Extension)
🚀 Momentum Shift Expected: If price sustains above $18.00, we could see an upside rally towards $19.21 and $20.73.
🔥 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong buying volume above $18.00 before entering.
📈 Trailing Stop Strategy: If price reaches TP1 ($19.21), move SL to $18.00 to protect profits.
💰 Partial Profit Booking:
Take 50% at $19.21, let the rest run to $20.73.
Adjust Stop-Loss to break-even ($18.00) after TP1 hit.
⚠️ Fake Breakout Risk: If the price fails to hold above $17.60, be cautious and avoid entering early.
🚀 Final Thoughts
✔ Bullish Breakout Setup – If price sustains above $18.00, strong move expected.
✔ Momentum Shift Possible – Volume increasing will confirm the trend.
✔ Favorable Risk-Reward Ratio – 1:1.5 to TP1, 1:2.9 to TP2.
💡 Stick to the trade plan, manage risk, and trade smart! 🚀🏆
🔗 #StockMarket #BKYS #TradingSetup #TechnicalAnalysis #BreakoutTrade #DayTrading #MarketTrends #ProfittoPath
🔹 Stock: BKYS (NYSE)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Ascending Triangle Breakout
🔹 Entry Price: $17.60 - $18.00 (Breakout Confirmation Zone)
🚀 Trade Plan:
✅ Entry Zone: $17.60 - $18.00 (Confirmed Breakout)
✅ Stop-Loss (SL): $16.53 (Below the ascending trendline)
✅ Take Profit Targets:
TP1: $19.21 (First Resistance)
TP2: $20.73 (Extended Target)
📊 Risk-Reward Ratio Calculation:
Risk (Stop-Loss Distance): $17.60 - $16.53 = $1.07
Reward to TP1: $19.21 - $17.60 = $1.61
Risk-Reward Ratio to TP1: 1:1.5
Reward to TP2: $20.73 - $17.60 = $3.13
Risk-Reward Ratio to TP2: 1:2.9
🔍 Technical Analysis & Strategy
📌 Breakout Confirmation: Price moving above $18.00 with increased volume.
📌 Pattern Formation: Ascending Triangle Breakout, signaling bullish momentum.
📌 Support & Resistance Levels:
$16.53 (Support/SL Level)
$17.60 (Breakout Level)
$19.21 (First Profit Target/Resistance)
$20.73 (Final Target for Momentum Extension)
🚀 Momentum Shift Expected: If price sustains above $18.00, we could see an upside rally towards $19.21 and $20.73.
🔥 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong buying volume above $18.00 before entering.
📈 Trailing Stop Strategy: If price reaches TP1 ($19.21), move SL to $18.00 to protect profits.
💰 Partial Profit Booking:
Take 50% at $19.21, let the rest run to $20.73.
Adjust Stop-Loss to break-even ($18.00) after TP1 hit.
⚠️ Fake Breakout Risk: If the price fails to hold above $17.60, be cautious and avoid entering early.
🚀 Final Thoughts
✔ Bullish Breakout Setup – If price sustains above $18.00, strong move expected.
✔ Momentum Shift Possible – Volume increasing will confirm the trend.
✔ Favorable Risk-Reward Ratio – 1:1.5 to TP1, 1:2.9 to TP2.
💡 Stick to the trade plan, manage risk, and trade smart! 🚀🏆
🔗 #StockMarket #BKYS #TradingSetup #TechnicalAnalysis #BreakoutTrade #DayTrading #MarketTrends #ProfittoPath
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.