MTZ Stock
-Weekly 26 EMA pointing upwards.
-Price around a key level that has been tested many times.
Long positions preferred.
-15m consolidation area with a breakout and a pullback just on the upper extreme.
Enter after the confirmative pullback. Right now a MACD divergence with a bullish movement following would be a good signal.
Stop loss below this pullback's low.
Target in the middle of the opposite extreme that happens to be on the 1.618 fibonacci price.
The trade provided is indicative of the logic applied.
-Price around a key level that has been tested many times.
Long positions preferred.
-15m consolidation area with a breakout and a pullback just on the upper extreme.
Enter after the confirmative pullback. Right now a MACD divergence with a bullish movement following would be a good signal.
Stop loss below this pullback's low.
Target in the middle of the opposite extreme that happens to be on the 1.618 fibonacci price.
The trade provided is indicative of the logic applied.
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