Ticker: VPG (NYSE)
Setup: Falling Wedge Breakout + Key Support Hold
Breakout Zone: ~$21.40 (yellow zone breakout)
Trade Plan (Long Position)
Entry Zone: $21.35–$21.50
Stop Loss (SL): Below $19.47 (white support zone)
Take Profit Targets:
TP1: $24.19 (red resistance zone)
TP2: $27.48 (green swing high)
Risk-Reward Breakdown
Risk:
$21.40 – $19.47 = $1.93
Reward to TP1:
$24.19 – $21.40 = $2.79 → R/R ≈ 1.45:1
Reward to TP2:
$27.48 – $21.40 = $6.08 → R/R ≈ 3.15:1
Technical Highlights
Falling wedge breakout with bullish confirmation
Price defended yellow zone with tight candles
Reversal signs near oversold levels
Breakout volume rising = positive momentum
️ Trade Management
After TP1:
– Move SL to breakeven
– Book partial gains
Let remainder ride to TP2 with a trailing stop below breakout structure
️ Setup Invalidation
Break and close below $19.47
Bearish engulfing below yellow zone
Loss of breakout volume momentum