Breakout Build-up in SMCGLOBAL

SMC Global Securities – Breakout Build-up with Volume Expansion

SMCGLOBAL

📈Pattern & Setup:

SMC Global Securities is currently showing a descending trendline breakout pattern on the daily chart. After months of sideways consolidation, the stock has started moving up with steady buying volume near the trendline resistance.

The structure resembles a falling channel breakout in progress, which usually indicates a trend reversal from down to up. Volume has recently picked up — a positive sign that accumulation might be underway.

If the stock manages a close above 147–150, it could trigger a quick rally toward 170–180 zones. The breakout zone aligns well with previous supply, making it an important level to watch.

📝 Trade Plan:

Entry: Above 148–150 with strong volume confirmation.

🚩Stop-Loss: 138 (below near-term support).

🎯Targets:

Target 1 → 165 (short-term resistance).
Target 2 → 180 (measured move target, ~23% upside).

💡Pyramiding Strategy:

1. Enter initial 50% position above 148 breakout.
2. Add the remaining once price sustains above 155.
3. Trail stop-loss to 145 once price crosses 160.

🧠Logic Behind Selecting this Trade:

The stock has shown steady recovery from its base with multiple higher lows, signaling strength returning. The descending trendline has acted as a cap for months — a breakout here with volume can open the door for a fresh short-term uptrend.

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🔴Disclaimer:

This analysis is for educational purposes only. Not a buy/sell recommendation. Please consult your financial advisor before making any investment or trading decisions.