MP - Making a move to new high soon

TradingView2026/04/22 05:27

By:TradingView

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MP - Sitting on a sweet spot to go long, started it's move already.

Formed a giant falling wedge on weekly
Sitting above volume shelf
Above IPO VWAP and ATL VWAP
Wave 3 in progress

If E.R goes bad, can fill the gap below but give a better buying op.

Target 1 - 80
Target 2 - 100
Target 3 - 120, after a shallow pullback
Target 4 - 150, least probability.

Stop loss - if you are adding on dips for long term, have a wider stop - 30
Stop loss - if you are swing trading for short term, have a tighter stop - 60

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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MP - Making a move to new high soon

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