MPL.ASX_Bullish Breakout Trade_Long

ENTRY: 3.76
SL: 3.59
TP: 3.85

- ADX>25
- Daily RS +ve
- Daily FFI +ve
- Weekly RS +ve
- Weekly FFI +ve
- Moving averages are aligned.
- Breakout on 18 Aug 2022 and retraced to resistance-turned-support (3.61) before rebounding off today.
- Entry today based on breakout (from high on 11 Jan 2022) and >3% rebound off 10EMA with volume.

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