Technical View: • MTARTECH was moving in its primary downtrend since Sep-2023. • After touching the lifetime high of 2,920 on 11-Sep-2023, it has retraced 43% to 1,661 level. • On 21-May-2024, MTARTECH has broke out from its primary down trend with higher than average volume. • Since 17-May-2024, MTARTECH is trading above 20 DMA, 50 DMA and 21 DEMA. • RSI is trading at 75.36 and MACD is trading at 38.04. • Both RSI and MACD is showing positive divergence on daily timeframe indicating a trend reversal.
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Ideas are published for learning purpose only.
ปิดการเทรด: ถึงเป้าหมายการตัดขาดทุน
29-May-2024 --------------- Stop loss hit. Closing the call.