AsimMirzaTrader

MND - Have we witnessed a Bullish Breakout?

Long
ASX:MND   MONADELPHOUS GROUP LIMITED
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.


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