MANZ AGLong
MANZ - GERMAN STOCK WITH A NICE SETUP FOR GAP-TRADERS
Bulls seem strong enough trying to push bears out, more and more, we see this higher lows, and this triangle has a good chance to resolve quite soon to the upside.
Bulls also are using the 100DMA and 200DMA to make a base, so i think buyers are right now planning to make their move.
Conservative traders can wait for a breakout above 43€ and retest of the level for a good entry with stop below 40€.
This is not a recommendation, its just a view, i urge everyone to make his own analysis and not risk too much on one single trade.
I bought around 39.30€ with a tight stop below 36€ and target is flexibel anything from 48€ on would be great and would make a good r:r, if the sentiment allows i am targeting 57€.
Blessings to you all.
Bulls also are using the 100DMA and 200DMA to make a base, so i think buyers are right now planning to make their move.
Conservative traders can wait for a breakout above 43€ and retest of the level for a good entry with stop below 40€.
This is not a recommendation, its just a view, i urge everyone to make his own analysis and not risk too much on one single trade.
I bought around 39.30€ with a tight stop below 36€ and target is flexibel anything from 48€ on would be great and would make a good r:r, if the sentiment allows i am targeting 57€.
Blessings to you all.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.