After a period of correction, MFSL has started moving up again. A retest of the trendline resistance and bounce has indicated that the trendline might be now acting as support level. Also, there is a bounce from 50 EMA which has acted as support and price has closed above this level for the last 4 sessions. 50 EMA has also turned up. MACD has turned bullish, as also other swing indicators.
I would go long, with a stop-loss when the price closes below 50 EMA, and a target of 1190 (+ 9.8%) around which I expect the next level of resistance.
I would go long, with a stop-loss when the price closes below 50 EMA, and a target of 1190 (+ 9.8%) around which I expect the next level of resistance.
Trade closed: stop reached:
SL hit on 20th Sep