themarketzone

Elite Zone setup reaching target level - Breakout trade

NYSE:MBLY   None
This trade is an example of how sometimes you don't need to know much more than to recognize a trend line.
As you can see in the chart, once the price broke out of this long down trend line, it never looked back. The fact that it gapped also above the fast SMA line (blue), confirmed our setup and today, the members can collect profit.

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