MTDR Insider Buy Signal & Technical Bullish
Our directorscope AI system generated yesterday a significant buy signal for MTDR.
Todays technical analysis shows, that this could be an interesting trade opportunity with a risk/reward ratio of 4.
Elliott Wave Analysis: The stock is inside a wave 4. Fibonacci Analysis shows, that the typical correction level is reached and the final wave 5 could start now. RSI shows at this points divergence behavior, which is bullish in short term as well. Stochastic indicator shows oversold levels.
We will open the trade for ourselves with a small position and risk 1% of the portfolio value.
Keep in mind, this stock is highly depending on oil prices.
Todays technical analysis shows, that this could be an interesting trade opportunity with a risk/reward ratio of 4.
Elliott Wave Analysis: The stock is inside a wave 4. Fibonacci Analysis shows, that the typical correction level is reached and the final wave 5 could start now. RSI shows at this points divergence behavior, which is bullish in short term as well. Stochastic indicator shows oversold levels.
We will open the trade for ourselves with a small position and risk 1% of the portfolio value.
Keep in mind, this stock is highly depending on oil prices.
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