MMSI we're waiting for details.

Alexey_Malorodov Updated   
NASDAQ:MMSI   Merit Medical Systems, Inc.
The MMSI is currently looking in shorts.
The daily chart clearly shows the mirror level of 38.53.
If the instrument drops below 38.53 - we must sell.
If the instrument breaks the resistance level of 41.36 - we go long.
n any case, while the instrument is in the middle of the channel, we wait. Until the last bar from 21.02.2020 the instrument looked long.
Now it is obvious that shorts players do not let the price go up.
We are waiting for the developments.
Anyway, above 41.4 is the clear zone: you can take TP\Risk 3\1, 5\1 or even 10\1 depending on your the RM-strategy
Once again: no matter what happens, it is necessary to trade from your allowed risk on trade and risk on the deposit.

Trade closed: target reached

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.