This is a post for those who like to buy support and sell resistance.
MTRN
is currently sitting right at rectangle lower boundary support that coincides with 200 day MA. Good probability trade setup.
Order cancelled:
Never showed any sign of strength to setup a bounce trade.
✔ Momentum & Breakout Trader Since 2006 | Influenced by Mark Minervini VCP Trading Style & William O'Neil CANSLIM 📈
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✔ Follow me on Twitter @taplot - twitter.com/TaPlot
✔ YouTube channel www.youtube.com/@taplot