After hitting into a prior ATH (All-Time-High) @ 28 on 16 Nov, MTTR began consolidating within a wide bull flag that would have shaken out the weak bulls. It wasn't until yesterday that it finally broke strongly out of this bull flag to a new ATH on huge volume. A strong trend is now underway (some minor retracements now and then is still to be expected).
Congratulations if you had already jumped onboard prior to yesterday's big move. Any near term retracements to those fib levels shown or the formation of bull flags or pennants would be an opportunity to stake, with initial stop loss about $1 below the near term support @ $28.
The market is on tender hooks again due to new covid variants (will this ever end?). However a chart that is strong is likely able to weather through the volatility with retracements within normal limits. Let's see if this works out.
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade
Congratulations if you had already jumped onboard prior to yesterday's big move. Any near term retracements to those fib levels shown or the formation of bull flags or pennants would be an opportunity to stake, with initial stop loss about $1 below the near term support @ $28.
The market is on tender hooks again due to new covid variants (will this ever end?). However a chart that is strong is likely able to weather through the volatility with retracements within normal limits. Let's see if this works out.
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade