Buy Plan – Merit Packaging Limited (PSX)Buy Plan – Merit Packaging Limited (PSX)
I’ll only think about buying this stock once the daily candle properly closes above 14.10. That’s the key breakout level for me. Until that happens, I’ll stay on the sidelines and just watch.
If the breakout comes, my stop loss will be placed below 10.76, keeping my risk tight and clear. I don’t want to risk more than 1–2% of my account on this trade, so I’ll size my position accordingly.
For targets, I’ll be looking step by step:
First target around 17.00. Once we get there, I’ll lock in some profits and shift my stop to breakeven.
Second target near 19.32.
And if momentum stays strong, the final target is 21.77.
The plan is simple: wait patiently for the breakout, enter with discipline, protect capital with a stop, and take profits in stages. No rushing, no emotional entries — just following the setup.
