MMETIS showing some weakness here, part of market wide pressure -
Obviously fundamentals remain strong but there is a large gap from $46 to $66 that looks like it could get filled.
Price currently hovering around the EMA 50 on the daily, trying to find support, however price action appear weakening. We may see a bounce again but I think we head lower.
Over the gap on the $46 to $66 there are two supports, on at $65 and one at $50. Both would be opportunities to buy back in.
However if we wick down to one or the other I suspect there will be some infill subsequently allowing a repeat entry.
This is an opportunity to assess MMETIS eco project, identify your potential entries and wait.
Obviously fundamentals remain strong but there is a large gap from $46 to $66 that looks like it could get filled.
Price currently hovering around the EMA 50 on the daily, trying to find support, however price action appear weakening. We may see a bounce again but I think we head lower.
Over the gap on the $46 to $66 there are two supports, on at $65 and one at $50. Both would be opportunities to buy back in.
However if we wick down to one or the other I suspect there will be some infill subsequently allowing a repeat entry.
This is an opportunity to assess MMETIS eco project, identify your potential entries and wait.
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.