MDIA- MEDIACO HOLDING INC- upside break

08/28/2021
TARGET 21.97 - 17
TRIGGER 10-10.5
STOP 1 = 8.76
STOP 2 = 5.78


Historic:
08/28/2021 (dd-mm-yy)
Fear & Greed Index: 50

Mid-term forecast (1-2 weeks):
If price breaks the 10-10.5 resistance, a resumption of a strong uptrend is expected.
Aiming at 21.97 (2-3 weeks) AND 17 (1-2 weeks)
If the support a 8.76 breaks, the short-term forecast (resumption of the downtrend) will not be valid.
We will close our open trades if the 8.76 or 5.78 level is broken in the medium term.

Technical analysis:
A TRIANGLE forms on the daily chart between 17 and 5.56, starting on JULY 12 , 2021.
Next week in August 28, 2021 it can break 10-10.5 and is expected to rise to 17 and 21.97 according to technical analysis and confirmation of the pattern.

+ Trigger:
Trigger1= 10 or 10.5
+ Take Profits:
TP1=17
TP2=21.97
+ Stop:
Stop1=8.76
Stop2=5.78


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