MMSI / Merit Buy IdeaBroke trendline, then went up. yesterday retested Breaking-Candle#s high. Not on the way to new high.
The idea is to trade with the seasonality and expect a substancial kick to the bullish side after breaking the high.
I guess there is more than 10% possible profit until first haft of May.
But trade at your own risk and discretion....
Cheers
MMSI trade ideas
Saham Merit Medical Systems, Inc.Merit Medical Systems, Inc. adalah pengeluar dan pemasar alat perubatan yang digunakan dalam pelbagai prosedur perubatan intervensi, diagnostik dan terapeutik.
Syarikat ini beroperasi dalam dua segmen iaitu kardiovaskular dan endoskopi.
Segmen kardiovaskular terdiri daripada alat kardiologi dan radiologi, yang membantu dalam mendiagnosis dan merawat penyakit arteri koronari, penyakit vaskular periferal dan penyakit bukan vaskular lain, dan termasuk emboloterapi, pengurusan irama jantung (CRM), elektrofisiologi (EP), dan onkologi intervensi dan alat tulang belakang.
Potential BUY Zone;
$69.57
$67.77
$66.33
$64.59
MMSI we're waiting for details. NASDAQ:MMSI
The MMSI is currently looking in shorts.
The daily chart clearly shows the mirror level of 38.53.
If the instrument drops below 38.53 - we must sell.
If the instrument breaks the resistance level of 41.36 - we go long.
n any case, while the instrument is in the middle of the channel, we wait. Until the last bar from 21.02.2020 the instrument looked long.
Now it is obvious that shorts players do not let the price go up.
We are waiting for the developments.
Anyway, above 41.4 is the clear zone: you can take TP\Risk 3\1, 5\1 or even 10\1 depending on your the RM-strategy
Once again: no matter what happens, it is necessary to trade from your allowed risk on trade and risk on the deposit.