Medco in on UPTREND wait for Pullback to Support
Medco is currently on a healthy uptrend. Its supported by 20 EMA and sign that it is still on a direction to go upward.
If you want to entry, wait for price to move to support area and use price action to enter position. Hopefully so....
Caution : Always adapt to market structure change, if price approaching 20 MA, use your own thought process to decide what next to do.
Me personally will close the position , take some profit (25%) and wait and see on consolidation area that will formed (if happened).
Good luck, this is not investing advice, for educational purpose only.
If you want to entry, wait for price to move to support area and use price action to enter position. Hopefully so....
Caution : Always adapt to market structure change, if price approaching 20 MA, use your own thought process to decide what next to do.
Me personally will close the position , take some profit (25%) and wait and see on consolidation area that will formed (if happened).
Good luck, this is not investing advice, for educational purpose only.
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