MND.ASX_Bullish Breakout Trade_LongENTRY: 15.5478 (average)
SL: 13.54
TP: 15.59
- ADX<25. Would like it to be higher.
- Daily RS +ve
- Daily FFI +ve
- Weekly RS +ve
- Weekly FFI +ve
- Moving averages are aligned.
- Breakout yesterday from range with volume. Would like a better closing.
- Entry today based on yesterday breakout and >3% rebound off 10EMA with volume.
MND trade ideas
MND - Have we witnessed a Bullish Breakout?MND seems to have broken out strongly out of its descending wedge with high volume suggesting that we may have seen a bottom on the Weekly chart. I think price may find some resistance currently and provide a great buying opportunity lower. I think that any pullback lower may be a buying opportunity. It could restest the POC of Volume Profile or previous Support, or any retracement lower. I would be a buyer at $11.00 and would target the old highs, ideally towards $13.30 - $13.50 range.
Please note these are my own notes for future reference, by no means trading advise to anyone. Please do your own research before entering into any trade.
MND - Another Buying Opportunity?MND may be poised to move up aiming its previous resistance. A breakout of the bearish trendline (Wedge) combined with bullish price action off from the POC of Volume Profile makes me bullish. Another evidence is the MACD cross with Bullish Divergence which tells us that the Bearish Momentum has exhausted as price was going down and MND is ready for an upswing. My trade plan is as follows:
TP1 - $12.40 (Potential gain 10%)
TP2 - $13.30 (Potential gain 20%)
Stoploss - $9.90
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Here is a sell setup in Monadelphous Group $MNDThe stock is trading below all three moving averages and below the trendline.
Technical indicators are showing bears is still in control.
We are very likely to break that critical support line (yellow line) when we do, more downside to come.
I will not be holding this stock right now.
$MND.AX accumulation in the new baseStrong volumes in the last 3 days creating PP,
About to break horizontal resistance with strengthening price action from basing price,
Price above 50/200 in an uptrend.
MACD going back to positive territory after bottoming on the 0.
Price pulled tight into 10sma then shot up 14/3/17.
from 2min 15s: t.co