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!
Note
Not looking like it will go back up to $33. Perhaps it's good time to short nowNote
heh! Was impatient.Now is a better time!
Trade fermée: ordre d’arrêt atteint
Unfortunately buying pressure is very strong.It has turned into a weekly up-sloping flag pattern!
Target is $40!
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.