There is the possibility of the beginning of an uptrend for MTP

MTP has reached another all time low and is currently printing a double bullish divergence on the weekly chart. The chart is searching for a support level which was established last week between .72 and .73 cents a share. The divergence indicator is flashing a buy signal in this acummulation zone between .72 and .79 cents, similarly to how it did on the last big run in early 2019. I have opened a small long position and will continue to add at lower levels down to .30 cents if this current support level is lost.

Trade attivo:

Take profit levels: wherever you want!

Commento:

Recommended size of position: less than 5% of total portfolio.

Commento:

Next Support level at .62 is holding well