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MGR

MGR - Bullish Trade PlanMGR has bounced off from Support and the High Profile Volume Zone with High Volume, after breaking the Bearish Trendline, suggesting that the Bulls have now taken over and want to ride the price higher. MACD has also crossed with RSI coming out of the Oversold region. I belive that MGR has given a good buying opportunity. TP1 - $2.53 (potential 10% gain) TP2 - $2.73 (potential 18% gain) Stoploss - $2.10 Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:MGRLong
by AsimMirzaTrader
MGR - Uptrend Confirmed. Next Buying opportunityBullish trend confirmation indications: 1. Downtrend line broken. 2. Impulsive price action at the break of the trendline with High Volume 3. After the impulsive break, price is pulling back. 4. I would be a confident buyer within the Buy Zone which is the Fib Retracement Level Zone of 50-61.8 % and support of the trendline. The ideal Buying zone is between $2.20 - $2.40. 5. Good Buying Opportunity if it closes positive or prints a Bullish candlestick patterns in the Buy Zone area and on or near the trendline with Bullish Price Action follow through. That will be a trade with confluence. Please note these are my own notes, by no means trading advise. Please do your own research before entering into any trade.
ASX:MGRShort
by AsimMirzaTrader