See link below for previous analysis.
MTN stock continued lower from the previous analysis.
The stock has caught a bid at 8700 and might have a relief rally, dead cat bounce, or a bottom could be in at 8700 and this could be the early stages of a longer-tern rally.
There is not much to support a thesis that a bottom is in as the bounce is not on high volume and there was no MACD/price convergence prior the bounce.
It's all about probabilities and risk management so any long trades should use 8700 as a stop-loss level.
MTN stock continued lower from the previous analysis.
The stock has caught a bid at 8700 and might have a relief rally, dead cat bounce, or a bottom could be in at 8700 and this could be the early stages of a longer-tern rally.
There is not much to support a thesis that a bottom is in as the bounce is not on high volume and there was no MACD/price convergence prior the bounce.
It's all about probabilities and risk management so any long trades should use 8700 as a stop-loss level.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.