lowtrade

[lowtrade]

MJTK chart eval

TA & Chart says if in you can still hold. But if ADX black line starts falling and/or 5 day MA blue line continues below the red 10 day. that's an early exit signal. The confirmed exit signals would be DI+ crossed below DI- and/or the 10 day MA crosses below the 20 day with the 5 day.

To find a flag target add the height of the flag pole gain to the retrace reversal point. You can't project target until down trend reversal starts. You can only predict in from a down trends stall point.

Also with the FIBs 50% holding one could expect a continuation tp previous high. So that's a positive to all the other indecision still hold points.

All and all I'd want some volume supported price increasing from yesterdays bottom point tomorrow. Todays bounce didn't have that! So I'd have concern that retail does not feel this pop deserves continuation. Without that support, I personally would consider early exit and take the profit I have, over the one the TA & chart projects. Because of the long 8 days since initial price pop. You usually see continuation within 5 days with these out of the blue pops!