SWING IDEA - POLYPLEX

Jun 29

POLYPLEX has hit its 3 year low of 800 levels recently. At this zone, it can been that while the Price Action has been making Lower Low Pattern, the MACD however is starting to form a Higher High Pattern.
This MACD Higher Higher Pattern the recent crossover as well indicates a move in the upward direction.
Follow Strict Stop Loss here as any weekly closing below the Swing Low levels can only take the stock further downward.
This could potentially be a High Risk High Reward Trade. Take it only based on your Risk Appetite and Management.

Jul 1

Trade active

Jul 13

Note

MACD Level and Signal are still well spread out. Let's hope for some better momentum in the coming days/weeks.