MM Finance Broke its trendline and then took support on its previous resitance.
Took it as a Swing Trade for the coming week
Date : 19th March 2021
Took it as a Swing Trade for the coming week
Date : 19th March 2021
Trade active:
Such fall of stock back to previous resistance level, to take support is called "Pullback & Continuation"
Such pullback & continuation are one of the very good trades to take.
Such pullback & continuation are one of the very good trades to take.
Comment:
In 1hr time frame after moving above the support (prev resistance), the candle seems like a bullish hammer.