ENTRY: 15.5478 (average)
SL: 13.54
TP: 15.59
- ADX<25. Would like it to be higher.
- Daily RS +ve
- Daily FFI +ve
- Weekly RS +ve
- Weekly FFI +ve
- Moving averages are aligned.
- Breakout yesterday from range with volume. Would like a better closing.
- Entry today based on yesterday breakout and >3% rebound off 10EMA with volume.
MND seems to have broken out strongly out of its descending wedge with high volume suggesting that we may have seen a bottom on the Weekly chart. I think price may find some resistance currently and provide a great buying opportunity lower. I think that any pullback lower may be a buying opportunity. It could restest the POC of Volume Profile or previous Support,...
MND may be poised to move up aiming its previous resistance. A breakout of the bearish trendline (Wedge) combined with bullish price action off from the POC of Volume Profile makes me bullish. Another evidence is the MACD cross with Bullish Divergence which tells us that the Bearish Momentum has exhausted as price was going down and MND is ready for an upswing. My...
ENTRY: 14.08
TP: 15.55
SL: 13.60
- FFI and RSI +ve
- Reached high on 10 Dec 2020 and retraced with lower volume
- Looks like demand came in on 13 Jan 2021 with good volume
- Reduce position sizing due to presence of down trendline
The stock is trading below all three moving averages and below the trendline.
Technical indicators are showing bears is still in control.
We are very likely to break that critical support line (yellow line) when we do, more downside to come.
I will not be holding this stock right now.
Strong volumes in the last 3 days creating PP,
About to break horizontal resistance with strengthening price action from basing price,
Price above 50/200 in an uptrend.
MACD going back to positive territory after bottoming on the 0.
Price pulled tight into 10sma then shot up 14/3/17.
from 2min 15s: t.co
Ive been following this one for a while.
If all goes to plan and price consumes the green stars set at previous pivot points then we should see $13.60 from a $10.30 entry which was a move away from price consolidation after breakout of triangle and resistance line.
