Description: MANT is trending higher and in an uptrend meaning that highs are getting higher and lows are getting higher. The uptrend line on the chart and the Trending Band Indicator (which measures trend) supports the Long Position.
1. Ideal buy range: $84.1 - $86.6
2. Take profit: $99.89
3. Stop Loss: $82.83
4. Risk To Reward: 1 / 6
5. Accuracy Rating: 95%
AB = CD but D is not here yet. Possible stop below 79..so close by..long entry level is over R of the last leg down, or BC.
Seems to be finding support but is still volatile. Retests of support are common.
The AB leg is the "impulse wave". The retracement (from B to C) can be between 38.2% to 78.6% of the A-B leg (61.8 to 78.6% best) This one did the full...
An intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.