GHRS (NASDAQ) - 30-Min Chart Long Trade Setup! ๐
๐ Stock: GHRS (NASDAQ)
โณ Timeframe: 30-Min Chart
๐ Setup Type: Bullish Breakout
๐ Trade Plan:
โ
Entry Zone: Above $13.10 - $13.50 (Breakout Confirmation)
๐ข Take Profit 1 (TP1): $15.78 (First Resistance Target)
๐ข Take Profit 2 (TP2): $19.14 (Extended Bullish Target)
๐จ Stop-Loss (SL): Below $10.58 (Key Support)
๐ Risk-Reward Ratio: Favorable for a bullish continuation ๐
๐น Technical Analysis & Setup:
โ
Pattern: Descending Trendline Breakout ๐
โ
Breakout Confirmation Needed: Sustained price above $13.10 - $13.50 with volume increase
โ
Support & Resistance Levels:
$13.00 (Breakout Zone)
$15.78 (First Major Resistance)
$19.14 (Extended Target for strong momentum)
โ
Momentum Shift Expected: A breakout above $13.50 could trigger an upside rally ๐
๐ฅ Trade Strategy & Refinements:
๐ Volume Confirmation: Look for increasing buying volume above $13.10 - $13.50 ๐
๐ Trailing Stop Strategy: Once price reaches TP1 ($15.78), adjust SL higher to secure profits ๐
๐ฐ Partial Profit Booking: Take partial profits at $15.78 and let the rest ride toward $19.14+ ๐ต
โ ๏ธ Fake Breakout Risk: If the price fails to hold above $13.10, reconsider entry โ
๐ Final Thoughts:
โ
Bullish Breakout Potential โ High probability of continuation higher ๐
โ
Momentum Shift Possible โ A move above $15.78 could accelerate upside ๐
โ
Strong Risk-Reward Setup โ SL at $10.58, TP at $15.78 - $19.14 for optimal gains
๐ Trade Smart & Stick to the Plan! ๐๐ฅ
๐ #LongTrade #StockTrading #GHRS #TechnicalAnalysis #DayTrading #MomentumTrading #BreakoutSetup #RiskReward #TradingPlan #ProfittoPath ๐๐
