Trade Idea: KLR – Ascending Triangle

Ascending Triangle

KLR looks to be forming an Ascending Triangle within its dominant uptrend. The resistance level at 1100p is clear.

  • Entry: Go long now or on the break of resistance at 1100p as suits trading style
  • Stop Loss: Behind the most resent swing low around 1040p
  • Target: Triangle dimensions suggest 1200p, but i quite like the all time high resistance level at 1270p?

Leave a Reply

Your email address will not be published.(required)