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MARI PETROLEUM COMPANY LTDMARI PETROLEUM COMPANY LTDMARI PETROLEUM COMPANY LTD

MARI PETROLEUM COMPANY LTD

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MARI trade ideas

Week 2 Candle Stick Pattern Idea 1: MARI MARI offers traders compelling opportunities following distinct candlestick patterns, indicating potential bullish movements in the near term. Trade Plan: Entry Point 1: Candlestick Pattern: Bullish Hammer Entry Point: 1,588.7, following the formation of the bullish hammer candlestick pattern. This entry signifies a bullish reversal from the previous downward trend. Stop Loss: Positioned at 1,540, serving as a protective measure against adverse price movements. Take Profit (TP1): Targeted at 2,500, reflecting the initial profit-taking level with the potential for significant upside momentum. Entry Point 2: Candlestick Pattern: Tweezer Bottom Entry Point: Identified at 2,202, subsequent to the formation of the tweezer bottom candlestick pattern. This entry suggests a confirmation of bullish sentiment, indicating a potential reversal from the recent downtrend. Take Profit (TP2): 2,622, representing a higher profit target in anticipation of extended bullish movement following the tweezer bottom formation.
PSX:MARILong
by nilambano3
Week 1 Dow Theory Idea 4: MARI Week 1 Dow Theory Idea 4: MARI (Bullish/Long) MARI continues to display bullish momentum, offering two distinct trade plans for investors to consider. Plan 1 has been executed, while Plan 2 presents an alternative entry opportunity for traders seeking to capitalize on the upward trend. Plan 1: Entry Point: Established at 1,717, this entry marks the initiation of a long position in alignment with the bullish sentiment observed in the chart. Stop Loss: Positioned at 1,676, the stop loss serves to mitigate potential losses in the event of an adverse market reversal, preserving capital and managing risk effectively. Take Profit (TP1): Targeted at 2,500, TP1 represents the initial profit-taking level, reflecting a significant upside potential in the bullish trend. Plan 2: Entry Point 2: Identified at 2,227, this entry offers an alternative opportunity for traders to enter the market, potentially capturing further gains as the bullish momentum continues. Take Profit (TP2): Set at 2,622, TP2 represents a higher profit target, reflecting the anticipation of extended bullish movement in the price of MARI.
PSX:MARILong
by nilambano3