MLN / EUR - 1day-chart (For fun)Hi guys,
This is no trading advice. I do it just for fun.
I follow MLN for a while now (good project with great future).
I tried to analyze the downtrend and this is what I saw. A lot of negative trendlines are broken and we are heading to new higher supportlines.
Let's see if the trend continue
MLN has a complete falling wedge! Time for some actionMLN did a complete falling wedge + double bottom on 1D chart. It reached to support points and from here we can expect some upward movements.
Entry point: 18.6 EUR
SL: below: 18 EUR
Target 1: 22 EUR; Target 2 - 27 EUR
Good luck!
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.