MTH breakout
Updated
As usual, please see day timeframe for the big picture. MA200 is the last resistance before breakout.
OK. So 680 area is the last resistance before MTH will go into open space. I expect it to breakout either straight away or after it fall back to 650 support line. I have my buy orders ready to pick it up there.
Unfortunately MTH is heavily used for pumps and it is hard to predict if those left above will use that breakout as a chance to shake of their bags or will join the "fly to the moon". But you never can be sure so this is our chance to see, what will happen and be a part of it.
Targets are 740 – 800 – 930 – 1020 – 1100. Terms in which MTH will reach these targets depend on hype it will get after the breakout.
OK. So 680 area is the last resistance before MTH will go into open space. I expect it to breakout either straight away or after it fall back to 650 support line. I have my buy orders ready to pick it up there.
Unfortunately MTH is heavily used for pumps and it is hard to predict if those left above will use that breakout as a chance to shake of their bags or will join the "fly to the moon". But you never can be sure so this is our chance to see, what will happen and be a part of it.
Targets are 740 – 800 – 930 – 1020 – 1100. Terms in which MTH will reach these targets depend on hype it will get after the breakout.
Note
That was a pretty short breakout =) Gave ~6% profit but was dumped as I expected by pump and dump "bag-hodlers". Still I feel it will get through that crucual point. Just need one or two more attemps.
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