$SOPH ๐ ๐ STRONG BULLISH TREND ๐
๐ Trade Setup on SOPH (Sophos Group)
๐ Chart Pattern: Bullish Flag (4H timeframe)
Trend Preceding the Flag: Strong bullish rally from ยฃ1.75 to ยฃ2.40
Flag Structure: Consolidation between ยฃ2.30โยฃ2.40 forming a downward-sloping channel
Volume: Declining during the flag, confirming a pause in trend, not a reversal
Breakout Signal: Bullish breakout above ยฃ2.42 on increased volume
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๐ฏ Entry, Stop, and Targets
Entry Trigger: Buy on confirmed 4H candle close above ยฃ2.42 (flag breakout)
Stop Loss: Place below recent swing low / flag bottom at ยฃ2.28
Target 1: ยฃ2.60 (measured move from pole height ~ยฃ0.20 added to breakout point)
Target 2: ยฃ2.75 (extension target if momentum is strong)
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๐งญ Market Ventilation (Broader Context)
FTSE/sector sentiment: UK tech sector showing resilience amid broader market hesitation