MLN / EUR - 1day-chart (For fun)Hi guys,
This is no trading advice. I do it just for fun.
I follow MLN for a while now (good project with great future).
I tried to analyze the downtrend and this is what I saw. A lot of negative trendlines are broken and we are heading to new higher supportlines.
Let's see if the trend continue
MLN has a complete falling wedge! Time for some actionMLN did a complete falling wedge + double bottom on 1D chart. It reached to support points and from here we can expect some upward movements.
Entry point: 18.6 EUR
SL: below: 18 EUR
Target 1: 22 EUR; Target 2 - 27 EUR
Good luck!
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Displays a symbol's price movements over previous years to identify recurring trends.