Breakout in MMTC.NMTC was stuck in a downward rectangular pattern for over 2 years, with lower highs and lower lows. Now, it's trading at a 40% discount.
But in the last 4 months, it started going up, breaking out of the pattern.
However, it's now in a smaller rectangle outside the breakout point. We need to wait for it to break out of this new pattern too.
Once the price reaches 37.5 and stays above that level, then only we can enter the trade.
Our target is 43, and we'll set a stop loss at 32.5 to manage the risk.
