Long
MMED new points for entry
The MACD and RSI arent helping here. This stock has only been trading for so little. It has promise for the long term on speculative basis at this time. I am looking at my next place to enter this trade. Do not enter now!!!! Wait for it to reach a good point for entry.
Since it started trading it has bounced off of 3 points highlighted in the chart.
The 0.51 area was once good suppot, which later became good resistance that was broken through. I feel that this would be ideal location for entry into the trade. however, there is good support at the .66 area.
I fear that if you dont buy at .66, you may miss out on some nice gains.
Without a doubt, the way this chart moves is very intresting, notice big candles to the upside (only one or two) followed by big red canadals down (1 or 2) after which it rests for some time.
I will enter the position in three increments of $200 investments each (total $600) at .66, at .51 and should it keep going down, at the area of .44 ish. If I enter somewhere and it bounces, I will just take my profits and wait for it to come back down.
Since it started trading it has bounced off of 3 points highlighted in the chart.
The 0.51 area was once good suppot, which later became good resistance that was broken through. I feel that this would be ideal location for entry into the trade. however, there is good support at the .66 area.
I fear that if you dont buy at .66, you may miss out on some nice gains.
Without a doubt, the way this chart moves is very intresting, notice big candles to the upside (only one or two) followed by big red canadals down (1 or 2) after which it rests for some time.
I will enter the position in three increments of $200 investments each (total $600) at .66, at .51 and should it keep going down, at the area of .44 ish. If I enter somewhere and it bounces, I will just take my profits and wait for it to come back down.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.