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AsimMirzaTrader

MND - Another Buying Opportunity?

Long
MONADELPHOUS GROUP LIMITED (ASX:MND)  
AsimMirzaTrader  
ASX:MND   MONADELPHOUS GROUP LIMITED
Trend Analysis Wave Analysis Chart Patterns ASX asx200 asxlong asx200long macdbullishdivergence MND
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trendanalysis waveanalysis chartpattern asx asx200 asxlong asx200long macdbullishdivergence mnd
MND may be poised to move up aiming its previous resistance. A breakout of the bearish trendline (Wedge) combined with bullish price action off from the POC of Volume Profile makes me bullish. Another evidence is the MACD cross with Bullish Divergence which tells us that the Bearish Momentum has exhausted as price was going down and MND is ready for an upswing. My trade plan is as follows:

TP1 - $12.40 (Potential gain 10%)
TP2 - $13.30 (Potential gain 20%)
Stoploss - $9.90

Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
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