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.
Looking at weekly chart with support @ 0.160 cup and handle formation completed. Possible retesting resistant @ 0.20 level if break further rally will follow ..long term I'm bullish...
This is the 5th time it tries to break the 0.245 prices. Will it able to break it? and reach a new high? Monitor and ready to ride the trend...
Rebound on trendline, and spike with strong volume. Let see it how it goes!
Disclaimer: This is not a buy call but for learning purpose Technical analysis In accumulation/distribution phase Potential rebound as price at EMA 20 Risky - Large exit volume in 7 Dec Trading idea Entry price: 0.180 Cut loss: 0.165 (below 0.170 resistance) TP1: 0.210
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.
waiting for retracement, then confirmation at H1
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.