Looking at MTN's price action, it's been on a downtrend since breaking out of a sideways range. The RSI shows it's oversold. I'm waiting for the RSI to cross above the downtrend line, similar to what happened in May 2023 after the earnings report.
My plan is to aim for a target of 108-110 initially. If it breaks above that with good support, I'll consider adding to my position, and my next target would be around 130.
My plan is to aim for a target of 108-110 initially. If it breaks above that with good support, I'll consider adding to my position, and my next target would be around 130.
Trade closed: target reached:
Target hit 110