RiskMastery's Breakout Stocks - MLX EditionWelcome to RiskMastery's Breakout Stocks - Stocks with breakout potential.
In this edition, we'll be looking at ASX:MLX ...
I believe this code is at a point of potential volatility.
If price can hold above $0.320 ... Bullish potential may be unlocked.
My key upside targets include:
- $0.365 (Conservative)
- $0.455 (Medium)
- $0.530 (Aggressive)
If however price falls below $0.275 ... Bearish risk potential may be unlocked.
(My key risk targets - C, M,& A - are as noted on the chart)
Enjoy, and I look forward to being of further service into the future.
If you'd like to connect, feel free to reach out and comment below.
Mr RM | Risk Mastery
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MLX trade ideas
MLX inside bar's :)MLX is currently forming inside bars on the Weekly chart which will break in the coming days. Previously MLX inside bars has broken bullish and have given back some nice gains. The potential for a BULL break is higher as MLX is currently in strong uptrend and is currently on a previous support.
BULLISH INDICATORS
Weekly
Inside Bars in an uptrend (inside bars broke Bullish twice in the past)
Declining BEAR Volume on the Weekly (sign bears are running out of selling steam)
Currently defending Uptrend line and using as support .
Daily
MACD Crossed Bullish
RSI Forming higher low (even when price has dropped lower) IMAGE BELOW
4 hour
MACD Crossed Bullish
BUY = .85 (IF LUCKY)
STOP = .75 10% LOSS
TARGET 1 = .94
TARGET 2 = .985
TARGET 3 = 1.160
Il play this with travelling stop loss if we break Bullish.
DAILY RSI (BULLISH)