Malong
MA - STOCKS - 11. OCT. 2021Welcome to our Weekly V2-Trade Setup ( MA ) !
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4 HOUR
Bullish market closure!
DAILY
Expecting more upside after a small pullback.
WEEKLY
Great long entries, following midterm trend.
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STOCK SETUP
BUY MA
ENTRY LEVEL @ 352.97
SL @ 338.87
TP @ Open
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
MA updateSetup working just as planned. Opened today above demand, quick dip down to demand, then a nice rally for 10+ points! Possible little pullback around 273 to watch for next potential entry.
MAI like the retrace into demand with MA here and think we can head higher and push towards 290+. I think this current demand zone will hold and provide a good base for it to rally. Not much supply after the initial supply zone that was tested today (well there is some).
I’ll watch for a move back up into supply and if we can clear today’s high, don’t think there should be any issues going right up to 290 - 300.
MA Approaching First Resistance, Potential Drop! MA is approaching our first resistance at 205.38 (horizontal swing high resistance (Horizontal swing high resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 193.51 (horizontal overlap support, 38.2% Fibonacci retracement).
Stochastic (89,5,3) is also approaching our resistance where we might see a potential drop in price.
