Long

MRP - Ascending Triangle

Updated

's unaudited results came out on the 23rd of November, and the market loved them……up 6.14% on the day.
Since then it has broken up through the resistance line of the ascending triangle.

It might come back down to test the support, but things are looking good for a long position on this instrument. Exit could possibly be around the 27550 level.

Note

This trade went against us for a few days, but it formed a hammer candle yesterday which is a good reversal signal.
So, we remain in the trade for now

RossLarter

Trade directly from TradingView through Velocity Trade. Get started here: suretrading.tradedesk.co/TradingView

For more info about our training and mentorship visit suretrading.co.za

Also on:

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.