MM FORGINGS LTDLong
MMFL - Bullish
This stock has following attributes after testing the support at the Price Action line
1) Price > 50 DMA
2) 50 DMA > 200 DMA and diverging
3) Daily vol > Avg 30 D Vol
4) Supertrend 14,3 Buy zone
5) ADX > 25 and rising - Momentum increasing
6) Consistently making daily high higher then previous high/closing since last 7 sessions
7) Very strong Northward Price action after breaking out from Price Action
Targets as marked per the Fibonacci Retracement.
Ideas and Analysis is a academic exercise and no recommendation to BUY
1) Price > 50 DMA
2) 50 DMA > 200 DMA and diverging
3) Daily vol > Avg 30 D Vol
4) Supertrend 14,3 Buy zone
5) ADX > 25 and rising - Momentum increasing
6) Consistently making daily high higher then previous high/closing since last 7 sessions
7) Very strong Northward Price action after breaking out from Price Action
Targets as marked per the Fibonacci Retracement.
Ideas and Analysis is a academic exercise and no recommendation to BUY
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