MEZ - Looks Bullish?MEZ has been consolidating for quite sometime now and has unable to break support. The price action suggests that it could hit the Resistance level of $5.50 (a potential 8% move) on the upside. My Stoploss will be $4.50, below the previous swing low.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
MEZ
MEZ - Bullish Trade PlanMEZ looks good and ripe for a move higher because of the two consecutive breaks of the Bearish Trendlines with High Volume and has bounced off its strong support of $4.60 level. MACD has got bullish too and maybe we shall see the upswing continue to go higher. My target for this trade would be $6.00 level which could be a potential 18% gain.
TP - $6. 00 (Potential Gain 18%)
Stoploss - $4.50
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.