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.
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.
Note
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.
Trade closed manually
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.
Note
1 month after our exit from this stock. It is back to its Entry Zone now and also with a good green candle.Note
Looks this this trade is getting activated again. Note
Positive News: MTAR Technologies Bags Export Orders Worth $16.7 Million
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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.