MPL
- First time doing a written analysis on MPL
- Over the last 6 years, the stock has been trading within 2.40-3.60 levels
- Stock is currently trading near all-time high regions -> A successful breakout has a potential to see the stock fly
- Price consolidation over the last 2 weeks to test the short-term support looks like a breather before testing the last overhead resistance
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful breakout
- First time doing a written analysis on MPL
- Over the last 6 years, the stock has been trading within 2.40-3.60 levels
- Stock is currently trading near all-time high regions -> A successful breakout has a potential to see the stock fly
- Price consolidation over the last 2 weeks to test the short-term support looks like a breather before testing the last overhead resistance
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful breakout