MEBL: The price action is currently positioned above the 50-day Exponential Moving Average (EMA), exhibiting a formation of small candles at the support level. This pattern suggests that the asset is maintaining its support zone. The Moving Average Convergence Divergence (MACD) indicator is situated above the neutral line, which implies potential for upward momentum. It is advisable to consider initiating a long position around the price level of 239, with a stop-loss set at 227 and a potential target of 263.
Trade closed: stop reached
Stop Hunt
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.