SWING IDEA - MTARTECH

Price Action forming Higher High and Higher Low Pattern.
MACD Cross also forming Higher High and Higher Low Pattern.
Looks good for the next leg up.
Expect at least 10-15% up from here.

Yorum:

Unfortunately bad Earnings Report has taken the trade to Stop Loss.
But a re-bounce is seen again exactly at the multi year Support Zone.
Also MACD Cross is still intact. We can give it another week or 2 to see if the stock picks up again. Else better to exit and look for better opportunities.

İşlem elle kapatılmış:

Max Profit booked : 10%

Unfortunately due to negative reaction of market due to Election Poll, stock has taken a turn downward now.

Strictly DO NOT engage in any entries now as the Key Support has been broken.