2 times MESTRON tried to break 0.29, and today it did. It went up to 0.30 and retraced, I bought it at 0.295
Entry: 0.295 (1st)
SL: 0.27 support
TP: 0.310 (10% target only)
Let's see how it goes
DISCLAIMER: The idea is made public for discussion purpose only, not for buy-call. Each entry I made in this journal is for my own educational purpose and record keeping.
Disclaimer: This is not a buy call but for learning purpose
In accumulation/distribution phase
Potential rebound as price at EMA 20
Risky - Large exit volume in 7 Dec
Entry price: 0.180
Cut loss: 0.165 (below 0.170 resistance)
Mestron in uptrend. Price closed this week at support / MA20. Might make a technical rebound. Strategy: buy and hold as long as the price is in uptrend, sell when reversal occurs.
Disclaimer: This is just a trading idea, not a buycall. Trade at your own risk.
Rejected Resistance twice at 0.23 zone
rejected support at 50% Fibo retracement at 0.14 . looking for long position for this counter .
target of 0.23
next resistance is 0.195
target for 2-3 month MT trade . EP 0.155
Base on previous retracement price manage to hold at key support level at 0.14 with a nice rally retesting resistant area 0.20 completing small elliot wave of 1 & 2. With current scenario new support established at 0.195 & 0.210 level expecting further uptrend wave 3 in the making with new high target at 0.275 level.