đ STRONG BULLISH TREND đ
0.05082
+5.1%
đ Trade Setup on SOPH (Sophos Group)
đ Chart Pattern: Bullish Flag (4H timeframe)
Trend Preceding the Flag: Strong bullish rally from ÂŁ1.75 to ÂŁ2.40
Flag Structure: Consolidation between ÂŁ2.30âÂŁ2.40 forming a downward-sloping channel
Volume: Declining during the flag, confirming a pause in trend, not a reversal
Breakout Signal: Bullish breakout above ÂŁ2.42 on increased volume
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đŻ Entry, Stop, and Targets
Entry Trigger: Buy on confirmed 4H candle close above ÂŁ2.42 (flag breakout)
Stop Loss: Place below recent swing low / flag bottom at ÂŁ2.28
Target 1: ÂŁ2.60 (measured move from pole height ~ÂŁ0.20 added to breakout point)
Target 2: ÂŁ2.75 (extension target if momentum is strong)
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đ§ Market Ventilation (Broader Context)
FTSE/sector sentiment: UK tech sector showing resilience amid broader market hesitation
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