STOCK
MARA
this is a long shot and I hate doing TA this far out. The TA is saying it is currently in a rising wedge, it may bounce around here until hitting the orange resistance box. It may break through it and continue to the upside but, it is more probable that it rejects and corrects down to around $6.10. If that happens it will be the perfect setup for a inverted head and shoulders pattern. A few way to play this...
1 enter now play the rising wedge until it hits the orange box.
2. wait until it hits the orange box, identify its up or down direction. if it breaks up ride it until $30, If it breaks down wait until it forms the right shoulder and ride it up to $30 taking profits along the way.
Patience is key! You Must PLAN EVERY trade! If you are in any stocks and want to see what my thoughts are or just overheard someone talking about one let me know.
1 enter now play the rising wedge until it hits the orange box.
2. wait until it hits the orange box, identify its up or down direction. if it breaks up ride it until $30, If it breaks down wait until it forms the right shoulder and ride it up to $30 taking profits along the way.
Patience is key! You Must PLAN EVERY trade! If you are in any stocks and want to see what my thoughts are or just overheard someone talking about one let me know.
Comment:
Comment:
However, I'm also mindful of the possibility that the market might take a different direction. If I observe signs of a bullish move instead, I'll be ready to adapt and open a long position. This approach aligns with the scenario that holds the highest probability of playing out successfully.
Always exercise caution and follow the market's cues to make informed trading decisions. Best of luck with your trades!