MEDPLUS LOOKS GOOD WITH A BREAKOUT OVER RESISTANCE LINE WITH VOL
Updated
MEDPLUS has price action has given a Breakout over a long term resistance line at 781.35 on 26-May-23 and this happend the day after the Financial results for FY.
Taking the length of the Wedge (about 200) and the past Resistance/ Support Levels, there is a potencial for
Entry Above 781 for a long trade
StopLoss: below 720
Target 1: 858
Target 2: 948
Note: I am not a professional trader or advisor. This is just to share my study/ analysis. Any actions by you should be based on your independent analysis.
Taking the length of the Wedge (about 200) and the past Resistance/ Support Levels, there is a potencial for
Entry Above 781 for a long trade
StopLoss: below 720
Target 1: 858
Target 2: 948
Note: I am not a professional trader or advisor. This is just to share my study/ analysis. Any actions by you should be based on your independent analysis.
Note
the counter hit the SL. Exit the trade
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