Week 1 Dow Theory Idea 4: MARI (Bullish/Long)
MARI continues to display bullish momentum, offering two distinct trade plans for investors to consider. Plan 1 has been executed, while Plan 2 presents an alternative entry opportunity for traders seeking to capitalize on the upward trend.
Plan 1:
Entry Point: Established at 1,717, this entry marks the initiation of a long position in alignment with the bullish sentiment observed in the chart.
Stop Loss: Positioned at 1,676, the stop loss serves to mitigate potential losses in the event of an adverse market reversal, preserving capital and managing risk effectively.
Take Profit (TP1): Targeted at 2,500, TP1 represents the initial profit-taking level, reflecting a significant upside potential in the bullish trend.
Plan 2:
Entry Point 2: Identified at 2,227, this entry offers an alternative opportunity for traders to enter the market, potentially capturing further gains as the bullish momentum continues.
Take Profit (TP2): Set at 2,622, TP2 represents a higher profit target, reflecting the anticipation of extended bullish movement in the price of MARI.
MARI continues to display bullish momentum, offering two distinct trade plans for investors to consider. Plan 1 has been executed, while Plan 2 presents an alternative entry opportunity for traders seeking to capitalize on the upward trend.
Plan 1:
Entry Point: Established at 1,717, this entry marks the initiation of a long position in alignment with the bullish sentiment observed in the chart.
Stop Loss: Positioned at 1,676, the stop loss serves to mitigate potential losses in the event of an adverse market reversal, preserving capital and managing risk effectively.
Take Profit (TP1): Targeted at 2,500, TP1 represents the initial profit-taking level, reflecting a significant upside potential in the bullish trend.
Plan 2:
Entry Point 2: Identified at 2,227, this entry offers an alternative opportunity for traders to enter the market, potentially capturing further gains as the bullish momentum continues.
Take Profit (TP2): Set at 2,622, TP2 represents a higher profit target, reflecting the anticipation of extended bullish movement in the price of MARI.