MGL, Near long term resistance, possible Breakout (Learn & Earn)
MGL is looking good for long above 980. It has long term resistance at 985, if this is broken then it has possibility of good move.
This study is purely based on simple support & resistance analysis.
Price action is very simple to understand and main focus is price/patterns. Keep your chart clean and free from indicators, follow same process daily to get good results.
If you wish to learn simple price action trading process (strategy seekers kindly excuse), kindly reach out.
Request your support by liking/commenting on ideas submitted.
This study is purely based on simple support & resistance analysis.
Price action is very simple to understand and main focus is price/patterns. Keep your chart clean and free from indicators, follow same process daily to get good results.
If you wish to learn simple price action trading process (strategy seekers kindly excuse), kindly reach out.
Request your support by liking/commenting on ideas submitted.
Trade closed: target reached
If you check this stock in lower TF, you will see as soon as it reached 985, it shot up to 1001+ which is close to 1.7% move.
All studies for for learning purpose only.
These are not trade recommendations
Not responsible for any profit or loss
These are not trade recommendations
Not responsible for any profit or loss
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.
All studies for for learning purpose only.
These are not trade recommendations
Not responsible for any profit or loss
These are not trade recommendations
Not responsible for any profit or loss
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.