📌 🚀
🔹 Asset: Farmer Brothers Company (FARM/USD)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Symmetrical Triangle Breakout
📌 Trade Plan (Long Position)
✅ Entry Zone: Above $2.84 (Breakout Confirmation)
✅ Stop-Loss (SL): Below $2.66 (Break of Support & Triangle)
🎯 Take Profit Targets
📌 TP1: $3.08 (First Resistance Level)
📌 TP2: $3.37 (Final Target – Extended Move)
📊 Risk-Reward Ratio Calculation
📈 Risk (SL Distance): $2.84 - $2.66 = $0.18 risk per share
📈 Reward to TP1: $3.08 - $2.84 = $0.24 (1:1.33 R/R)
📈 Reward to TP2: $3.37 - $2.84 = $0.53 (1:2.94 R/R)
🔍 Technical Analysis & Strategy
📌 Symmetrical Triangle Breakout: FARM is consolidating within a triangle pattern, with a breakout above $2.84 indicating bullish momentum.
📌 Trendline & Support Bounce: Price is testing a trendline breakout, with accumulation signaling potential upside.
📌 Breakout Confirmation: A strong bullish candle closing above $2.84 with volume increase will confirm the move.
📌 Momentum Shift Expected: If price holds above $2.84, a rally toward $3.08 (TP1) and $3.37 (TP2) is likely.
📊 Key Support & Resistance Levels
🟢 $2.66 – Strong Support / Stop-Loss Level
🟡 $2.84 – Entry / Breakout Level
🔴 $3.08 – First Resistance / TP1
🟢 $3.37 – Final Target / TP2
🚀 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong buying volume above $2.84 before entering.
📈 Trailing Stop Strategy: Move SL to entry ($2.84) after TP1 ($3.08) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $3.08, let the rest run to $3.37.
✔ Adjust Stop-Loss to Break-even ($2.84) after TP1 is reached.
⚠️ Fake Breakout Risk
❌ If price fails to hold above $2.84 and reverses back, it could indicate a false breakout—exit early.
❌ Wait for a strong candle close above $2.84 for confirmation before entering aggressively.
🚀 Final Thoughts
✔ Bullish Setup – Holding above $2.84 could lead to higher targets.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.33 to TP1, 1:2.94 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
🔗 #StockTrading #FARM #BreakoutTrade #TechnicalAnalysis #MomentumStocks #ProfittoPath #TradingView #StockMarket #SwingTrading #RiskManagement #ChartAnalysis 🚀📈
🔹 Asset: Farmer Brothers Company (FARM/USD)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Symmetrical Triangle Breakout
📌 Trade Plan (Long Position)
✅ Entry Zone: Above $2.84 (Breakout Confirmation)
✅ Stop-Loss (SL): Below $2.66 (Break of Support & Triangle)
🎯 Take Profit Targets
📌 TP1: $3.08 (First Resistance Level)
📌 TP2: $3.37 (Final Target – Extended Move)
📊 Risk-Reward Ratio Calculation
📈 Risk (SL Distance): $2.84 - $2.66 = $0.18 risk per share
📈 Reward to TP1: $3.08 - $2.84 = $0.24 (1:1.33 R/R)
📈 Reward to TP2: $3.37 - $2.84 = $0.53 (1:2.94 R/R)
🔍 Technical Analysis & Strategy
📌 Symmetrical Triangle Breakout: FARM is consolidating within a triangle pattern, with a breakout above $2.84 indicating bullish momentum.
📌 Trendline & Support Bounce: Price is testing a trendline breakout, with accumulation signaling potential upside.
📌 Breakout Confirmation: A strong bullish candle closing above $2.84 with volume increase will confirm the move.
📌 Momentum Shift Expected: If price holds above $2.84, a rally toward $3.08 (TP1) and $3.37 (TP2) is likely.
📊 Key Support & Resistance Levels
🟢 $2.66 – Strong Support / Stop-Loss Level
🟡 $2.84 – Entry / Breakout Level
🔴 $3.08 – First Resistance / TP1
🟢 $3.37 – Final Target / TP2
🚀 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong buying volume above $2.84 before entering.
📈 Trailing Stop Strategy: Move SL to entry ($2.84) after TP1 ($3.08) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $3.08, let the rest run to $3.37.
✔ Adjust Stop-Loss to Break-even ($2.84) after TP1 is reached.
⚠️ Fake Breakout Risk
❌ If price fails to hold above $2.84 and reverses back, it could indicate a false breakout—exit early.
❌ Wait for a strong candle close above $2.84 for confirmation before entering aggressively.
🚀 Final Thoughts
✔ Bullish Setup – Holding above $2.84 could lead to higher targets.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.33 to TP1, 1:2.94 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
🔗 #StockTrading #FARM #BreakoutTrade #TechnicalAnalysis #MomentumStocks #ProfittoPath #TradingView #StockMarket #SwingTrading #RiskManagement #ChartAnalysis 🚀📈
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.