SGX Chart

I drawn some trendlines over system z chart. While the bigger picture is bullish (breakout major resistance), the minor uptrend channel is a broadening one (bearish connotations).

So how, real or fake setup?

Instead of basing trades on assumptions of what's going to happen, use actual price action. Technical setups fail at times, if not all chartists will be rich.. Time will be the harbinger of answers.

After entering a position, give the stock enough space to breathe using a sensible cutloss, instead of expecting instant profits.