Measurable Data Token (MDT)On the above 2-day chart price action has corrected 50% since the month of March. A few reasons now exist to be long, including:
1) Price action and RSI resistance breakouts.
2) Price action confirms support on past resistance. See weekly chart below.
3) Ascending Symmetrical triangle breakout. A near 200% move is forecast.
Is it possible price action corrects further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6%
Timeframe for long: this week
Return: 1-2x
Weekly chart