NMTC was stuck in a downward rectangular pattern for over 2 years, with lower highs and lower lows. Now, it's trading at a 40% discount.
But in the last 4 months, it started going up, breaking out of the pattern.
However, it's now in a smaller rectangle outside the breakout point. We need to wait for it to break out of this new pattern too.
Once the price reaches 37.5 and stays above that level, then only we can enter the trade.
Our target is 43, and we'll set a stop loss at 32.5 to manage the risk.
But in the last 4 months, it started going up, breaking out of the pattern.
However, it's now in a smaller rectangle outside the breakout point. We need to wait for it to break out of this new pattern too.
Once the price reaches 37.5 and stays above that level, then only we can enter the trade.
Our target is 43, and we'll set a stop loss at 32.5 to manage the risk.
Trade active:
Look at this beauty, with a sweet breakout in multiple time frames and displaying good strength as it breached its resistance with a fairly big candle. As I explained earlier in this trade, I took a position and am currently enjoying a 3% profit while patiently waiting for higher returns. All the Best.
Trade active:
This is why they say patience is the key: this stock is almost near reaching the target, currently up by 14% 🚀 from our entry point, as we discussed earlier in this post.
Comment:
Patience has finally paid off today! Just booked 50% of my profits with a sweet 16% gain. Now I'm trailing with rest 50%. next target could be at 44.50🚀🎉.
Comment:
Look at this beauty, almost giving an 20% gain today and still counting🚀 🚀! Finally, I exited the rest of my positions with a huge 40%+ gain🥳🥳. Wonderful! Cheers to all who were in this trade.
Comment:
This stock has delivered a massive return of more than 80% in just a few weeks from our entry level🥳🥳🥳. Kudos to those who have remained in the game with patience.