Mortgage choice(MOC:ASX) Long
Mortage choice
Entry - 0.735
Exit- 0.925
Government stimulus favouring the property market in Australia. Overall optimistic sentiment due to better crisis control.
RSI in mid-range but relatively overbought
Classic Dow theory: Trendline support
Risks
1. Expecting sideways movement next week and a breakout either way--> Tight stop loss
2. Retesting Accumulation zone @0.675 and 50MA
3. Bad news over the weekend (Unlikely)
4. Retailer panic selling(unlikely)
Entry - 0.735
Exit- 0.925
Government stimulus favouring the property market in Australia. Overall optimistic sentiment due to better crisis control.
RSI in mid-range but relatively overbought
Classic Dow theory: Trendline support
Risks
1. Expecting sideways movement next week and a breakout either way--> Tight stop loss
2. Retesting Accumulation zone @0.675 and 50MA
3. Bad news over the weekend (Unlikely)
4. Retailer panic selling(unlikely)
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