Trade UBP Using Trendline Breakout
Nagkaroon ng mahabang downtrend si UBP.
Nagform siya ng trendline support at trendline resistance.
Let me show you a unique trading idea for UBP.
May trendline support at trendline resistance si UBP.
Nagkaroon siya ng breakout sa trendline resistance kaya pwede mo siyang itrade.
Ang entry ay mula 25.5 pesos (breakout) papuntang 26.05 pesos (last price).
Ang cutloss mo ay around 23 pesos which is below the trendline support meaning you are looking for a breakdown of trendline support for invalidation.
I hope this idea helps you.
May you trade well.
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