I think MTEL is bullish because it takes sellside and provide an orderblock at weekly timeframe
Showing a double top pattern, confirm if the neckline is penetrated at level 645 Buy: 600-625 (BOW) Sell: 695-700 Stop loss: 3% from purchase price Disclaimer: We are not responsible for any losses you experience during trading because every decision to buy / sell is your responsibility
weekly TF show that institution was buying at low price (the sell stop) that push higher than the big black candle to become a bullish orderblock. First target would be the equilibrium at 750 and then would search for a discount PD array before pumping toward buy stop at price more than 800
This is my opinion, I really hope this will be useful for you. Be ready and take care your money. Have a great profit !
A primary base, I'll set my starting position if it breaks that pivot level.