ZsaszTrades

MTRX - Part 5 of 5

Long
NASDAQ:MTRX   Matrix Service Company
1hr view with specific trade plan idea.

A measured move has this reverting to 17.44
Previously accepted range was 18.00 – 21.50
Fib ext has this a minimum of 14.01 with high expectation
of at least 15.87
Volume Profile theory shows this rejecting from VAL
and reverting to other side of Value Area at 18.98
Previous trading range VPOC was 19.46

L Entry now or possibly enter long off one more small pullback to 8.90 area
though it may not pull back at all
SL 8.30

R/R = 2 (11.21)
R/R = 3 (12.18)

T1 – 14.01 – R/R = 4.83
T2 – 15.87 – R/R = 6.72
T3 – 18.98 – R/R = 9.90

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