MP1 Long Idea - Falling knife? Am I catching a falling knife here?
MP1 has been travelling in a strong downtrend, but has lots of support at that bottom level. Is this a reversal?
−0.06AUD
−9.774MAUD
153.083MAUD
150.84M
About MEGAPORT LIMITED
Sector
Industry
CEO
Michael Reid
Website
Headquarters
Brisbane
Founded
2013
ISIN
AU000000MP15
Megaport Ltd. engages in the provision of software-defined networking based elastic interconnection services. Its products include Port, MCR, Megaport Marketplace, and MegaIX. The company operates through the following geographical segments: Asia-Pacific, North America, and Europe. Megaport was founded by Bevan Andrew Slaterry in 2013 and is headquartered in Brisbane, Australia.
Wave Forecast...Looks crazy now but w/e...Let's see if our corrective low can hold us and we can climb higher.
MP1.ASX_Bearish Pullback Trade_ShortENTRY: 6.53
SL: 7.41
TP1: 5.36
TP2: 4.81
- ADX>25
- Daily RS -ve
- Daily FFI -ve
- Weekly RS -ve
- Weekly FFI -ve
- Moving averages are aligned.
- Breakdown on 21 Apr 2022 with volume before going into range and pullback to 20EMA.
- 30-31 May 2022 bearish engulfing candle near 20EMA and then went b
Macro Wave 1-2 Completing?We can go down more here but it's looking like a pretty good macro long here to catch the parabolic macro wave 3 that's coming in the future where prices will make new highs and go up expotentionally.
MP1 - Volume Profile| Long TradeASX:MP1
Has had broker upgrades recently, seems to be in favour after reporting season.
Hovering around POC, anticipate to bounce higher due to positive ratings from brokers. Also hugging the lower BB, should move up towards the mean.
Aggressive trade around the POC, taking a swing trade.
MP1 Break out from flag pattern,After buying some in earth June this year MP1 has formed a flag pattern over the last 3 months and has just broken above the pattern to the upside. Will look to add another (half stake) position with a price target of 10-15%
MegaPort - Bullish Flag - nice upside!!Technicals - bullish Flag , highest probabilty entry is bullish candle on volume spike above $18.
Fundamentals - ''Cloud computing growth'' The global cloud computing market size is expected to grow from USD 371.4 billion in 2020 to USD 832.1 billion by 2025, at a Compound Annual Growth Rate ( CAGR
Short Mp1MP1 short with a 6 pip stop
Top part of trend line 2 days of full atr movement should get weaker around here.
MP1.ASX_Breakout Trade_ShortENTRY: 10.76
SL: 11.73
TP1: 9.93
TP2: 7.37
- ADX>25
- RSI<30
- RS -ve
- FFI +ve
- MACD -ve
- MAs aligned
- Breakdown with good volume
See all ideas
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