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Asset: American Superconductor Corp. (AMSC – NASDAQ)
Timeframe: 15-Min Chart
Setup Type: Symmetrical Triangle Breakout + Rising Support
Trade Plan – Long Position
Entry Zone: $18.01 (Breakout + trendline confluence)
Stop-Loss (SL): $17.14 (Below ascending trendline + prior low)
Take Profit Targets:
TP1: $19.16 – Local resistance
TP2: $20.39 – Major resistance zone
Risk-Reward Calculation
🟥 Risk: $0.87/share
🟩 Reward to TP2: $2.38/share
R/R Ratio: ~1 : 2.7 – High reward with tight risk
Technical Highlights
Breakout from coiled price action
Higher lows forming ascending structure
Strong wick rejection from trendline support
Momentum building after low-volume consolidation
Risk Management Strategy
SL to breakeven post TP1
Take partial profits at TP1
Hold remaining to TP2 with trend
️ Setup Invalidation If:
Breakdown below $17.14
Fails to close above yellow zone
Reversal with increasing volume
Final Thoughts
Clean technical breakout with momentum potential
Perfect fit for short-term swing traders
Compact stop, spacious upside — classic ProfittoPath quality
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