This is no trading advice. I do it just for fun.
I follow MLN for a while now (good project with great future).
I tried to analyze the downtrend and this is what I saw. A lot of negative trendlines are broken and we are heading to new higher supportlines.
Let's see if the trend continues...
What are your thoughts?
have fun and be safe!
MLN did a complete falling wedge + double bottom on 1D chart. It reached to support points and from here we can expect some upward movements.
Entry point: 18.6 EUR
SL: below: 18 EUR
Target 1: 22 EUR; Target 2 - 27 EUR