MFLOUR I shared on 13 Jan and updated the progress in the earlier post. Short based VCP observed!
C1: 14% C2: -6% C3: -3%
Might have another round of contraction or might breakout and pull back. Depend on how the fund operators want to execute.
Let's wait and see.
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Trade ist aktiv
Breakout, pull back re-test previous resistance as support. Re-gain momentum to go further.
Anmerkung
Deep correction ~10%. Again, similar to MASTEEL, entry price is important.
If chase high definitely being wash out during the correction. If entry price 0.785/0.790, still acceptable risk.
Trade ist aktiv
As mentioned, entry price is important. Wash out retailer since 9th Feb. Top up yesterday @0.795.
QR released. Another rally might start soon. Or might form another contraction and setup a pivot point.
Anmerkung
Please refer to new post on this MFLOUR. Updated the VCP drawing.
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