Morepen labs - current support and resistance
On breakout, target expectation of 40
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Looks like breakout is here!
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See the move once it broke out - nearly 10% up today!!
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Retraced from the resistance broken earlier. That is another confirmation (I guess)
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Today it closed at resistance. At this point green is the stop loss. Exit if any daily close is below that green line.
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On the green line, lets see if the support holds good.
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Support held today
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Strong bullish candle today!
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Back on support line. A close below that will automatically close this trade on stop loss.
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Stop Loss hit.
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After testing all stoplosses, finally nearing original target. Most of the trades are this way, will test everyone's patience.
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Hit 50+ today!!