MFSL: Multi-Year Breakout: Monthly Timeframe: Oct 24

2 thg 10, 2024

MFSL: Multi-Year Breakout: Monthly Timeframe: Oct 24

• Stock broke the high it made in Jul'21 in Sep'24. A multi-year breakout on a monthly time frame
  
• RSI is just above 60 - Indicating good buy demand
  [x] Breakout in Sep happened with above average trade volume (9 SMA)
  
• Entry and y'day 01-Oct close @ 1185.75
  [x] Target = Breakout level + Drawdown during consolidation phase = 1148 + 545 ~ 1690
  [x] Stop Loss = 1 ATR below previous month's low = 957.3
  

4 thg 10, 2024

Giao dịch đang hoạt động

Bought at 1184.7 on 03-Oct

12 thg 10, 2024

Ghi chú

Switching to weekly timeframe to analyze the breakout