MRSN re-testing v-bottom breakout neckline

After breaking above the v-bottom neckline MRSN is now retesting the breakout level for the tenth time after the breakout. Given the fact that the price dropped 40% from the recent highs and that this seems to be a strong support level I am entering a trade tomorrow with a stop loss just below the neckline. Seems to be as safe a play as it gets.

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***THE IDEAS SHARED HERE ARE MY OPINION. THIS IS NOT FINANCIAL ADVISE TO PLACE TRADES. PLEASE DO YOUR OWN RESEARCH AND ANALYSIS BEFORE BUYING/SELLING STOCKS.***

Comentário:

Range bound trading on the 15min chart. I am still in and breaking even at the moment:

Trade fechado: stop atingido:

Got stopped for a small loss.