SWING IDEA - MAWANASUG

By thepranam
Updated
Stock has currently formed a good support at 116 levels.
It seems to making newer Higher Highs since the last few weeks steadily.
The most recent MACD Crossover has shown a good move upward.
Currently the MACD Cross is in play on the Monthly Charts. Once it completes successfully, the stock could start seeing massive movement upward in the coming weeks/month.
Comment
Stock is almost up by 10% within a day. Congrats to those who entered the trade already.
Trade active
At our Entry zone again.
Comment
Looks like a resistance might be forming. Will need to wait for Monthly closing to get more clarity on the direction.

snapshot
Trade closed manually
Achieved Max Profits of 17%. Unfortunately, the trend has reversed and going downward. Better to exit. Do not hold further. Congrats to those who where able to book up to 17% Profits.
Trade active
Stock gave a 2nd chance of Entry again this week.
snapshot
Beyond Technical AnalysisbullishpatternChart PatternshigherhighhigherlowmacdcrossmacdcrossoversupportsupportandresitanceTrend Analysis

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