High Probabily trade for Midea (Long)
Updated
Hi all,
Based on a number of signals suggesting upward momentum, I have initiated a long position with a Risk Reward of 2.5.
Sideways support held
Rising trendline support held
Returned close to 200MA
Long term upward trend
Rising volume
What makes this trade even more attractive in value for me is that the upward momentum actually started the day before, but due to a sudden announcement of COVID in Beijing, there was a small pullback. Beijing announced that is under control and I think it was just a sudden knee-jerk scare in markets.
Have no fear, and take advantage of technical analysis.
Trade to Win.
Thanks
Joey
Based on a number of signals suggesting upward momentum, I have initiated a long position with a Risk Reward of 2.5.
Sideways support held
Rising trendline support held
Returned close to 200MA
Long term upward trend
Rising volume
What makes this trade even more attractive in value for me is that the upward momentum actually started the day before, but due to a sudden announcement of COVID in Beijing, there was a small pullback. Beijing announced that is under control and I think it was just a sudden knee-jerk scare in markets.
Have no fear, and take advantage of technical analysis.
Trade to Win.
Thanks
Joey
Note
take 1/2 profits and look at o re enter around 61
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