Line chart shows the breakout from the trading range.
The breakout had heavy volume.
Short term GMMA is expanding and separating from the long-term group.
However, the long-term GMMA had compressed slightly, so need to remain alert for a collapse in the uptrend.
Trading plan: buy at $1.70, take profit at $1.77
Outcome:
12 Nov: Closed at $1.595
Reason for closing: Stop loss triggered
Loss $0.105, 6.2%
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