MOVR is bullish
MMOVR is advancing inside the descending channel and is bouncing off its lower boundary. That gives a perfect buying opportunity for a mid-term holding perspective.
The first target is a resistance level R1 at 281$, in case of this resistance being broken, the price will likely reach the top boundary of the channel at 367$. After the Breakout through the R2 line, nex target will be major resistance level at 494$, here is the point where the 75% of position should be closed and the remaining 25% will be closed in case of reaching the final #Take Profit point at 720$.
The stopp loss should be at 113$
The first target is a resistance level R1 at 281$, in case of this resistance being broken, the price will likely reach the top boundary of the channel at 367$. After the Breakout through the R2 line, nex target will be major resistance level at 494$, here is the point where the 75% of position should be closed and the remaining 25% will be closed in case of reaching the final #Take Profit point at 720$.
The stopp loss should be at 113$
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