Peet_Serfontein

MKR: rounding bottom pattern?

Long
JSE:MKR   MONTAUK RENEWABLES INC
A price action above 13300 supports a bullish trend direction.
Crossing above 14900 will act as further confirmation of the bullish trend direction.
The target price is set at 16200.
The stop-loss price is set at 12700.
It will appear that a rounding bottom pattern is starting to unfold.
Remains a risky trade.

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