Stock seems to have successfully retested its Swing Low at 500 levels.
A good support as well has formed at 547.
Price Action is trying to break the old Lower Low Pattern and form a new move upward.
MACD also seems to be slowly but steadily gaining momentum upward.
The recent Google Play dispute could be making the stock move at a very slow pace.
So far 547 seems to be like a good support zone. Although any new lows beyond 500 levels could only mean further disasters.
Trade only with strict Risk Management.
A good support as well has formed at 547.
Price Action is trying to break the old Lower Low Pattern and form a new move upward.
MACD also seems to be slowly but steadily gaining momentum upward.
The recent Google Play dispute could be making the stock move at a very slow pace.
So far 547 seems to be like a good support zone. Although any new lows beyond 500 levels could only mean further disasters.
Trade only with strict Risk Management.
Note
547 has proved to be a very strong support despite the Election Results dragging down many stocks. This is what good fundamentals can do. Even negative news cannot put the stock down.Currently at 7.7% profits. Keep it rolling.
Note
14% Profits done so far. Trade seems to be going exactly as expected.
547 has proved to be a strong Support Zone.
Could hit targets sooner than expected.
Keep a close eye.
Note
News:MATRIMONY appointed Venu Muraleedharan Menon as its new chief human resources officer.
Most recently, Menon was vice president and head of HR operations at Fortis Healthcare.
Note
Fresh Entry again after giving Max Profits of 14%.Trade closed: target reached
Trade Completed. Target Achieved.Total 21% Profits booked.
Time Taken = 7 weeks.
Congrats to those who made good profits with this Trade.
This is how perfectly Price Action can mint you money when done right.
Trade can still be held on based on your Risk Management as the momentum still looks strong and it is possible that the Stock can go further upward.
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Kudos!!
Trade closed: target reached
Achieved 35% from our Entry Zone. Congrats to those who still held on to this trade and booked even more higher profits.Trade closed: target reached
Achieved 45% Profits from our Entry Zone. Congrats to those still holding on to this trade and booking bigger profits.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.