A few days ago, I entered a long position in MSI. The sideways correction that lasted most of September seems to have been broken. The upward impulse was followed by a correction over the last few trading days, making it appear to be a good position to enter the trade.
The bullish trend has been ongoing for several months, with the SMAs beautifully aligned. I expect bullish action in October, before some instability may arise in the market with the upcoming earnings report for MSI, the presidential election, and the FED announcement.
Trade closed manually
Market looks weak. Could maybe correct. Otherwise is the momentum missing. I stand rather on the sidelines.
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