MOTHERSUMI: Parallel channel trade for target of 250

Oct 6, 2021

MOTHERSUMI is moving in a parallel channel. The impending cross-over of 20 EMA above 50 EMA, and price closing continuously above 50 EMA in the last few sessions indicate bullishness. I would look at 242 and 250 as short term targets, with a close below the green support line as stop-loss.

Oct 8, 2021

Trade active

First target achieved.

Oct 11, 2021

Trade closed: target reached

Second target achieved.