MLGO is heatting up for 57%+ upside potential !Looking at the current trend on the Daily Chart, we see there are three possibilities on MLGO:
1.
It can breakDown from the current support of ema20 to re-test the RED downWard channel to further downSide.
2.
From the end of July'25, a healthy depth of Cup was being formed which peaked to $13.6 from the ytd_Low $7.82 and then kept re-testing ema20 as it's support between $10-$10.6 area for last few days which now looks like a strong Handle. If this ema20 or support of $10 does not break with the current surge in Volume, surely this Bullish Trend can complete a successful Cup&Handle outcome touching around $19.5 which is a solid 85% from current price.
3.
It's been almost two Quarters starving to touch ema50, which is apparently a due with the current level of Volume since the last Reverse Split.
-We've also seen a similar Bullish CrossOver between ema5 and ema20 on early July'25 when after the CrossOver ema5 worked as a Resistance for a few days before the price pushing through for 75% upSide. We're currently at the exact same situation except ema50 is much closer within the range.
-Volume Profiling shows there is significant amount of Buyers/Sellers right above current ema50 price target which can cutDown/disContinue this bullishNess to below 57% from the current price level.
Considering all 3scenerios above, stop-loss is at-least at $10 to minimize the loss from this Paper-Trading concept.
This is not a buy/sell advice, rather shared to learn from others' opinions on MLGO chart.
