MDKA is in down movement, probably gonna make price retracement (price probably at a support area right now). Probably willing to buy in 3030 - 2800 area (average down recommended). MDKA have probability to go down to 2770 (Stoploss when price hit 2770 or below) Target Profit at 3600 (or take profit when 10% profit). THIS IS FAST TRADE, so you can TP when...
MDKA . Daily TF. It has potentially bullish flag pattern IF it brokeout the trendline (diagonal yellow line). AB=CD. TP 5300. SL 3910. R:R = 1:2.
We closed above 2800, Short-term pullback possible but the odds favor a bullish to ~3000. Then if we break through there, up to ~ 3770 next.
The gold and copper company would still weakening since the HnS pattern appear to break it's bullish trendline with multiple bearish divergence. 2000 would be a sweet spot target of this market. Sell short should be your consideration if trade on cfd market and patient to wait to start accumulation on price target (demand level) as you trade on a spot market....
NB: These analyses are not intended as investment recommendations or as financial advice! Please also note that you are always responsible for your own investments when trading on the stock exchange! The analyses are only based on my opinion and view. LETS CUANN!!!