NYSE:MMP is looking bullish, 200 MA and 50 MA are crossing and the stock is trading above 20 MA. The anticipated price movement is shown on the chart, buy now or wait for retest of the 50 MA with a trailing stop daily close below 50 MA, a break of 50$ confirms target around 60$.
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This is only my own view and not financial advice, do your own analysis before buying or selling
Happy Trading!
Hit the like button please if you find this useful :)
This is only my own view and not financial advice, do your own analysis before buying or selling
Happy Trading!
Trade closed: stop reached:
First pullback it bounced exactly from 50 MA and the second pullback it closed below 50 MA and kept falling, we should be out at around 43.7. 36 to 38$ is a good area to re-enter, this is still bullish in medium term.