MovieBloc (MBL) Flag breakout confirmation

The best returns in the final phase of the bull market shall be afforded to those who enter long positions right now, when emotions are raw. Not when the euphoria comes, anyone can make gains in a raging bull market. Long positions taken now when emotions are raw and traders discombobulated shall make the strongest returns. There are many examples of such opportunities in the market right now.

On the above 10 day chart price action has corrected around 40% since late March. A number of reasons now exist to make this an attractive long position. They include:

1) RSI resistance breakout.

2) Hidden bullish divergence. Do you see it? Black arrows. You can wait years to see such a clean example. They occur as price action prints higher lows at the same time as oscillators print lower lows.

3) Price action breakout on flag. The flagpole extension forecasts a move to 10 cents. That is a 3000% upside move.

Is it possible price action corrects further? Sure.
Is it probable? No.


Type: trade
Risk: <= 6%
Timeframe for long: Now
Return: At least 2000%


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Allow 3-6 months on ideas. Not investment advice. DYOR

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