MRO_TEK long idea Breaking out from 13 years VCP in Monthly VCP in Daily Not that good in Fundamentals So take very small position only if Good volumes with Momentum is seen during breakout
1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on initial stop loss hit or daily RSI closing below 40 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c....
Monthly Breakout In MRO_TEK Buy MRO_TEX above 65 for the target of 300 for longterm
Mro Tek has a support at 41.70