MP1 Long Idea - Falling knife? Am I catching a falling knife here?
MP1 has been travelling in a strong downtrend, but has lots of support at that bottom level. Is this a reversal?
MP1 trade ideas
Wave Forecast...Looks crazy now but w/e...Let's see if our corrective low can hold us and we can climb higher.
MP1.ASX_Bearish Pullback Trade_ShortENTRY: 6.53
SL: 7.41
TP1: 5.36
TP2: 4.81
- ADX>25
- Daily RS -ve
- Daily FFI -ve
- Weekly RS -ve
- Weekly FFI -ve
- Moving averages are aligned.
- Breakdown on 21 Apr 2022 with volume before going into range and pullback to 20EMA.
- 30-31 May 2022 bearish engulfing candle near 20EMA and then went below 10EMA on 1 Jun 2022.
- Entry based on today >3% rebound off 10EMA with volume.
Macro Wave 1-2 Completing?We can go down more here but it's looking like a pretty good macro long here to catch the parabolic macro wave 3 that's coming in the future where prices will make new highs and go up expotentionally.
MP1 - Volume Profile| Long TradeASX:MP1
Has had broker upgrades recently, seems to be in favour after reporting season.
Hovering around POC, anticipate to bounce higher due to positive ratings from brokers. Also hugging the lower BB, should move up towards the mean.
Aggressive trade around the POC, taking a swing trade.
MP1 Break out from flag pattern,After buying some in earth June this year MP1 has formed a flag pattern over the last 3 months and has just broken above the pattern to the upside. Will look to add another (half stake) position with a price target of 10-15%
MegaPort - Bullish Flag - nice upside!!Technicals - bullish Flag , highest probabilty entry is bullish candle on volume spike above $18.
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Short Mp1MP1 short with a 6 pip stop
Top part of trend line 2 days of full atr movement should get weaker around here.
MP1.ASX_Breakout Trade_ShortENTRY: 10.76
SL: 11.73
TP1: 9.93
TP2: 7.37
- ADX>25
- RSI<30
- RS -ve
- FFI +ve
- MACD -ve
- MAs aligned
- Breakdown with good volume
Log Plot...Could be setting up for a fall if top is in...look somewhere around .23-.38 fib of trending move.
MP1 - Over Reaction to Dissapointing Growth ResultsMegaport ot smashed today on its quarterley growth results being under whelming
Stock is sure to rebound In My Humble Opinion.
MP1 (Daily chart) LongHistory doesn't repeat but it rhymes
On that note, it appears that there's one more leg up before a correction
Strategy: Ride this leg up (Long), then with a rejection confirmation (short) down to the 61.8 fib retracement level.
1. The current triangle needs to be confirmed with another touch on the top line.
2. if (1.) is true, look to accumulate on the bottom line
3. Sell at the target price for a 28% gain
4. Wait for confirmation that there is a strong rejection at the target price
5. Wait for a bearish indicator showing reversal
6. When (4. and 5.) is true, go short
7. close short at the 61.8% fib retracement level
IMO/DYOR
TUTORIAL: How to import, filter, analyse and export big listsCouple of people had asked me for this so here it is.
Shows how you can create, import, filter and analyse using the screener, and export using big external lists of stocks as your source.
Shows how you can take a list of 200 or more stocks and filter down to the 5 or 6 you might be interested in trading.
In this case we take a list of stocks with breaking news on Australias ASX and show which ones have resulted in significant price movements. This approach will work for any market and any list.
Hope its useful to someone :)
ASX:MP1 - Bullish setup to test previous Daily HighsMP1 broke out a weekly and daily S/R and has tested it. It is currently trading above the monthly pivot point in lower time frames. In H1 time frame, MP1 is offering a bullish setup.
The target could be recent previous highs at around 17.3 and stop-loss should at around 15.00. Multiple targets /Partial closes on the way to previous highs and beyond this level will be great to secure profit.
Good for long term investment - wait for $12.50 - $13.00 rangeI think MP1 is good stock to hold.
I will rather wait for next opportunity to buy between $12.50 - $13.00 range.
Rather I chase the trade, I will prefer trade to come to me in my zone.
P.S: Please note these are my own notes for future reference, by no means trading advise to anyone. Please do your own research before entering into any trade.
Legendary stonk MP1 about to tank?3 Distinct tops and a 'broadening top' formation having me thinking this might tank soon despite it being forecast to have a few good years ahead.
It's also slipped below the 50 day which doesn't bode well.
Half yearly report due soon. See what happens then.
MP1 - shakeout breakout continuation move.If a stock can't breakdown... Having owned this stock on and off for a fair while, I've started getting a strong sense that it wanted higher after it failed to breakdown in September and has had strong support recently around $9.
$MP1 - I like monthly charts.Brilliant trend and yuge fakeout this week. Monthly close above 7.30 would be quite something.
$MP1:ASX - MEGAPORT - Will it break resistance?Megaport has had a pretty good run this year and is back up at its resistance area after a pull back. All the indicators look good. Volume perhaps a little light. Could be worth a watch.
Megaport Limited (MP1) is provider of elasticity connectivity and network services interconnection across any location, to any services by SDN based, ubiquitous Ethernet fabric allowing our customers wider coverage, speed to market while reducing costs and enabling real-time provisioning across one platform.
$MP1 ath's, was almost like sellers knew on Friday. Post cash raise soak and now to new highs. very impressive move. See what markets opinion of its potential this week.
