After a period of correction, MFSL has started moving up again. A retest of the trendline resistance and bounce has indicated that the trendline might be now acting as support level. Also, there is a bounce from 50 EMA which has acted as support and price has closed above this level for the last 4 sessions. 50 EMA has also turned up. MACD has turned bullish, as also other swing indicators.
I would go long, with a stop-loss when the price closes below 50 EMA, and a target of 1190 (+ 9.8%) around which I expect the next level of resistance.
I would go long, with a stop-loss when the price closes below 50 EMA, and a target of 1190 (+ 9.8%) around which I expect the next level of resistance.
Trade closed: stop reached
SL hit on 20th Sep
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.