MGL- SWING PICK by Market MattersA breakout has happened. Now wait till it retest the breakout level and move higher...........
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
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Happy Trading!!
MGL trade ideas
MGL LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS ARE MARKED ON CHART;
PRICE IS STRUGGLING TO BREAK DAILY 20 EMA,
PRICE HAS INCREASED ON ACCOUNT OF HIGH VOLUME, AND ITS SUSTAINING/CONSOLIDATING ON ACCOUNT LOW VOLUME.
The indicator used:
1) Daily Lines plots Daily 20 EMA on lower time frame charts
2) TE REKAB shows reversals in the market
PB stands for - PULL BACK.
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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!