MTAR consloidation Breakout done

Dec 4, 2022

*MTAR pop out from a good consolidation after couple of weeks

*Breakout with huge volume candle

*candle size is huge so the problem is where to enter and put SL?

1. if next day forms a red candle , retrace towards 1680-1700, take entry and keep SL below the engulf candle

2. if not happen, SL will be huge that is 9%

3. one should avoid entry if 9% SL is not manageable. should wait for retrace back