$SOPH 🚀 🚀 STRONG BULLISH TREND 🚀
🔍 Trade Setup on SOPH (Sophos Group)
📈 Chart Pattern: Bullish Flag (4H timeframe)
Trend Preceding the Flag: Strong bullish rally from £1.75 to £2.40
Flag Structure: Consolidation between £2.30–£2.40 forming a downward-sloping channel
Volume: Declining during the flag, confirming a pause in trend, not a reversal
Breakout Signal: Bullish breakout above £2.42 on increased volume
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🎯 Entry, Stop, and Targets
Entry Trigger: Buy on confirmed 4H candle close above £2.42 (flag breakout)
Stop Loss: Place below recent swing low / flag bottom at £2.28
Target 1: £2.60 (measured move from pole height ~£0.20 added to breakout point)
Target 2: £2.75 (extension target if momentum is strong)
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🧭 Market Ventilation (Broader Context)
FTSE/sector sentiment: UK tech sector showing resilience amid broader market hesitation