Mattel, Inc.Long
MAT , LONG TF H1. TP= 19.76
On the hourly chart the trend began on March 15 (Linear Regression Channel).
March 21 was the level of 16.83 (the upper point of the TMA channel). Then on March 24, the lower point of 15.99 was formed (the lower point of the TMA channel).
Today, the upper level was tested and fixed higher.
Therefore, the target on the channel (Linear Regression Channel) : Possible take profit level of 19.76. But do not forget about SL = 15.66.
Good luck!
Regards, WeBelieveInTrading
March 21 was the level of 16.83 (the upper point of the TMA channel). Then on March 24, the lower point of 15.99 was formed (the lower point of the TMA channel).
Today, the upper level was tested and fixed higher.
Therefore, the target on the channel (Linear Regression Channel) : Possible take profit level of 19.76. But do not forget about SL = 15.66.
Good luck!
Regards, WeBelieveInTrading
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