MEDS - rebound from supply area IDX:MEDS
In terms of trend, it's starting to move from sideways to an uptrend. The structure that's forming looks pretty solid, with the supply area that was previously broken now successfully turning into a demand area, as shown by the stock price rebounding in that area.
For the 1-hour intraday timeframe, there's also a golden cross happening between the 10 and 20 SMA.
Buying Area: Feel free to buy near the 3, 5, or 10 MA.
For Stoploss, if it can’t hold above the demand area below.
This trade plan has a Risk:Reward ratio of 1:2.56.That makes this stock pretty interesting to trade.
