MOE.ASX_Range Breakout and Retrace Trade_Long

ENTRY: 5.50
SL: 4.95
TP: 6.06

- ADX>20
- RSI>50, RSI<70
- Daily RS +ve
- Daily FFI +ve
- Daily MACD +ve
- Weekly RS +ve
- Weekly FFI +ve
- Weekly MACD +ve
- MA aligned
- Breakout with good volume on 14 May 2021
- Retraced with low volume but would like a tighter range instead

Comment:

Ticker changed to MAF.ASX

Trade closed manually:

- Closed at 5.70
- Shooting star formation which might indicate coming bearish action