MPL @ 31 Aug 2021
MPL
- First time doing a written analysis on MPL
- Over the last 6 years, the stock has been trading within 2.40-3.60 levels
- Stock is currently trading near all-time high regions -> A successful breakout has a potential to see the stock fly
- Price consolidation over the last 2 weeks to test the short-term support looks like a breather before testing the last overhead resistance
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful breakout
- First time doing a written analysis on MPL
- Over the last 6 years, the stock has been trading within 2.40-3.60 levels
- Stock is currently trading near all-time high regions -> A successful breakout has a potential to see the stock fly
- Price consolidation over the last 2 weeks to test the short-term support looks like a breather before testing the last overhead resistance
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful breakout
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.