Don't let the drawing fool you, this is serious stuff. VMD positioned for near term gains of 10-15%. Oversold and its a solid company. Target is 11.45
This is just advice, do your research and trade at your own risk.
Long term view, Bullish till Q2 2022, then a bear market.
Analysis based on past cycles using the dotcom crash as the template for the current bull market
Good evening fellow traders, MTL is a definitely a jumpy one and here's my thoughts on how to catch it:
Analysis
The pattern has been pretty consistent in 2018 (and most of 2017 as well) - it typically travels down a channel, bouncing off levels of support and resistance, and then jumps off in an extreme ABCD pattern settling down somewhere around the 0.5 -...
Hope you're doing well, if not, you're going to feel a whole lot better after reading this:
ADA has been climbing steadily down a triangle pattern and hitting highs and lows within the identified support and resistance lines. RSI and CCI levels are not showing strong signs of a breakout yet...but look like they are heading there...
Based on the current pattern...