MPI: Buy on pullbacks
Looks to have formed a major bottom at the 4.20-4.30 level. May start to rally from hereon.
Looks to have formed a major bottom at the 4.20-4.30 level. May start to rally from hereon.
SUPPORT: 4.60-4.70 RESISTANCE: 5.20-5.50
MER: Take Profits
Strong rally but encountered resistances near its multi-year high around 400. Take profits for now and reassess once it forms a new basing pattern.
SUPPORT: 350.00-360.00 RESISTANCE: 395.00-400.00
ATN: Hold
Punched through its psychological resistance at 1.00 and is now trending up in a parabolic manner. Observe where it will meet its resistance and take profits when happy.
SUPPORT: 1.00 RESISTANCE: 1.40-1.50
CPM: Buy the dips
Successfully held above its new support at 1.86-1.90. May continue to trend higher in the following weeks to come.
SUPPORT: 1.86-1.90 RESISTANCE: 2.20/2.50
JGS: Take Profits
Good, solid bounce from its lows at 47 but is now approaching its major resistance near the 60 level. Take profits for now and wait for a basing pattern to emerge.
SUPPORT: 47.00-50.00 RESISTANCE: 55.00-60.00
*Important disclaimer: Trade ideas in this report are suitable for investors/traders who have a holding period of 1 month or less. Their accuracy may not hold true if used for a longer-term time horizon.
No comments:
Post a Comment