MOE.ASX_Range Breakout and Retrace Trade_LongENTRY: 5.50
SL: 4.95
TP: 6.06
- ADX>20
- RSI>50, RSI<70
- Daily RS +ve
- Daily FFI +ve
- Daily MACD +ve
- Weekly RS +ve
- Weekly FFI +ve
- Weekly MACD +ve
- MA aligned
- Breakout with good volume on 14 May 2021
- Retraced with low volume but would like a tighter range instead
MAF trade ideas
Buyers coming in to MOE, strong bullish indicatorsChannel action looging good. Todays candle has filled the gap from 6th March which is signaling a continuation of bullish move. Company looking to issue strong dividends so buying likely over next 24hrs to hit cuttoff. next major resistance is up at 5.75. good R2R on this one with a tight stop just below the middle of the channel
