how would you play this? breakout / pullback / other?

[lindq]

View attachment 189836
I'm shopping for opinions / insights.
I do not intend to trade it with real $$$, so feel free to be objective, no repercussions will ensue.
given the triangle above, should it break to the upside, what the best risk/reward move?
Don't think it a long play at all? i wanna hear!
lemme have it all.
Appreciate all and any input.

If it opens down in the morning, I view it as a 2-day short as it has set up a triple top.

What is the stock?

 

[speedo]

I don't trade them but rising wedges are considered bearish.

 

[Growly]

If it opens down in the morning, I view it as a 2-day short as it has set up a triple top.

What is the stock?

It was spun of blackrock.
blackstone manages assets.

 

[Growly]

I don't trade them but rising wedges are considered bearish.

The upper line is parallel, so it shouldn't be considered a rising wedge or triangle... no?

 

[speedo]

The upper line is parallel, so it shouldn't be considered a rising wedge or triangle... no?

Drawn the way you have it yes but cutting off the two wicks might be a little severe.

 

[Chewy]

I'm shopping for opinions / insights.

I recommend you read the book Edwards & MaGee on Technical Analysis. That book covers how to trade. really learn everything you can from the book. there are many editions at different prices. i would pick a lower priced copy of the book. Amazon has the books from less than $10 to over $100. I purchased and read the 5th edition when it was the newest edition 50 years ago. It is the foundation of all my trading.

 

[murray t turtle]

If it breaks to the upside, mortgage your house and buy all the shares listed a la Duke & Duke and ride the stock higher until you are a millionaire.

%% Good word;
if he has 7 or 8 houses ....LOL

 

[SunTrader]

IMO one of the best Investing, not Trading, books ever written.

 

[beerntrading]

Oh....picked up some calls on that into the close--the Sept $37s (0.46)...was playing this on its last test of this level...some early call buying here suggesting it may go higher (and especially if it gets some market tail winds)

Just added some more here from .80. Nothing like confirming a breakout into the open with a new high in the afternoon.

 

[SunTrader]