After hitting a high of 2.09 on 1st June, MLT has been consolidating in the past 2 weeks and forming a Bull Flag. The low was in place @ 1.84 (horizontal and 38% fib retracement support there).
It broke out of this Bull Flag @ 1.94 today and looks set to resume it's uptrend in the coming days. Expecting a retest of 2.08 although whether it could break this level in the near term remains to be seen
Long @ 1.95 with initial stop @1.89.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
It broke out of this Bull Flag @ 1.94 today and looks set to resume it's uptrend in the coming days. Expecting a retest of 2.08 although whether it could break this level in the near term remains to be seen
Long @ 1.95 with initial stop @1.89.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.