MOS has had a good run up since the low of $6.50 at March'20.
It didn't have much pullback from $6.50 to $33. Nothing lasts forever. Judging from the Weekly chart, $33 area has a been strong resistance and it doesn't look like it will break above it any time soon.
We should be able to enter at a better price when it retest the $33 resistance again.
Target profit 1 is $25, just to lock in some profits.
Target profit 2 is $22-23, the lower band of the range.
We can look to buy when it is at the lower band, but that will be another analyze...depending on the price action then.
Disclaiminer: I'm not giving any trading and investing advice. Just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Thanks!
It didn't have much pullback from $6.50 to $33. Nothing lasts forever. Judging from the Weekly chart, $33 area has a been strong resistance and it doesn't look like it will break above it any time soon.
We should be able to enter at a better price when it retest the $33 resistance again.
Target profit 1 is $25, just to lock in some profits.
Target profit 2 is $22-23, the lower band of the range.
We can look to buy when it is at the lower band, but that will be another analyze...depending on the price action then.
Disclaiminer: I'm not giving any trading and investing advice. Just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Thanks!
Anmerkung
Not looking like it will go back up to $33. Perhaps it's good time to short nowAnmerkung
heh! Was impatient.Now is a better time!
Trade geschlossen: Stop wurde erreicht
Unfortunately buying pressure is very strong.It has turned into a weekly up-sloping flag pattern!
Target is $40!
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.