Intermediate Negative Down TP@12.8 Investors should be cautious about any and all stock recommendations and should consider the source of any advice on stock selection. The information and publications are not intended to be and do not constitute financial advice, investment advice, trading advice.
Long MBK. MRS +; Vol Weekly + daily +; SL 15.4 MRS on Prop sector is + MRS for particular equity is + Good R:R if can mange risk.
Though a stop loss triggered after price failed below the speed line in 3rd box, buying this stock at supporting line (low retest with low volume) for the long haul could exist. 21.0 may be the stop loss of the long run strategy.
Bought a long position in 2nd accumulation box and now in 3rd box which is just a starting point in mark up phase - high volatility. If this makes lower low of 3rd box, I will be go away.