Mithril was trending so good that it posted 150% gains within weeks. Due to overbought conditions and fading momentum it has now experiened heavy pullback. Buy in the 710 to 730 area for a quick scalp to 800 to 830 area. Close longs in this area to buy back at lower prices. Expect 730 area to test again. If it holds again Target would shift towards 1000 area. Happy Trading :)
Commento:
Strong bearish sentiment. Yesterday closed below 100 DMA and multiple closes below. 4H 100 DMA. Setting stop loss at 670
Commento:
If at all stop loss gets hit. targetting 580 area. Entering the trade if and only it 50 DMA holds.
Trade chiuso: stop raggiunto:
Stop price of 670 hit and closed the trade. 4H RSI is extremely oversold. Expecting 50 MA to hold.