Note - By using Trendband chart, there is a bullishness in price movement - Suggestion entry and exit on chart divided into 2 zone/ for Intraday buyer @ 2 weekly buyer - SL at -6%
As you can see this stock has been making a triangle pattern and today it decides to breakout the pattern. Lets see if it can go up to 0.210 soon
On daily chart, MPAY is forming (slightly) symmetrical triangle with Resistance 0.185 and Support 0.135 with EP 0.155 (RRR 1:1.5). In last impulsive wave, it leaves a breakaway gap at 0.105-0.125 zone. If price we’re to test the support 0.135, it could continue going down to fill this gap. MACD already send a signal for breakout, and RSI is showing momentum...
Volume spike on MPAY, price closed above previous high (closing) - a break out. Potential fast in fast out (FIFO) play if there is a volume follow up tomorrow Target R1. Take profits EARLY to avoid dumping. Cut losses short if price went below S1.