ASX:MCR
ST EMA's and LT EMA's bullish, bulls in control at the moment.
Company has had some positive news lately and is part of the EV thematic. Using the high vol node for an entry around the 1.795 level on a pullback.
TP place at the moment at the high of today (02/03/22). May re adjust this level depending on the candles after today.
SL placed in the low volume region just below a previous support level to give it enough room to move.
ST EMA's and LT EMA's bullish, bulls in control at the moment.
Company has had some positive news lately and is part of the EV thematic. Using the high vol node for an entry around the 1.795 level on a pullback.
TP place at the moment at the high of today (02/03/22). May re adjust this level depending on the candles after today.
SL placed in the low volume region just below a previous support level to give it enough room to move.
• Entry 1.80 around the high volume node of the current accumulation rotation.
• TP 2.25 just below the high made on 3rd Mar.
• SL 1.51 below recent pivot point on daily, also in a low vol node area where mostly buys occurred.
Also note 2.30 is a level of resistance from Apr-08. If it breaks through this level, next resistance is around 3.0.