minetec had a primary rally back in March 2020.
now this security has corrected more than 50% from the high, and will be the secondary trend.
any fluctuation within day to day will be minor trend and should be disregarded.
trading idea
buy at the trend zone support, and sell at the trend zone resistance.
base on Dow theory, the secondary wave behave as a corrective wave. After the big correction, there are probability that the price will move higher.
stop loss will be below the support trend zone.
now this security has corrected more than 50% from the high, and will be the secondary trend.
any fluctuation within day to day will be minor trend and should be disregarded.
trading idea
buy at the trend zone support, and sell at the trend zone resistance.
base on Dow theory, the secondary wave behave as a corrective wave. After the big correction, there are probability that the price will move higher.
stop loss will be below the support trend zone.