EW hit the initial breakout TP

East West Banking Corporation

EW hit last week the initial target from a Bullish Pennant pattern breakout around 26 (breakout measured TP = 26 ~ 26.85).

See previous analysis for more details on Bullish Pennant pattern breakout:
https://psetrends.blogspot.ae/2017/05/ew-on-potential-breakout.html

Trading Plan
- Take some profit or scale down position.
- Profit run the rest of the position with trailing-stop.


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