Screenshot from Yahoo Finance Timeframe 1D MON
R2 - 118,75
S2 - 115,87
Graph analysis
How you can see the price went through R1 line which is resistance line. Meaning of this puncture is: after resistance puncture, there is a bull trend. How you all could see there was really a bull trend but now price is in price channel in the middle of R2 and S2. So you could better try wait before entering into a trade !
Long position and Short position
Now I would recommend don't to enter into both positions. Because the price is in price channel and better wait till the price goes through one of the lines (R2 or S2).
Summary
Don't try to enter into both positions. Because like I said the price is in price channel and you could just lose money nothing else. Tip for someone who is already in long position better wait till the price goes through one of these lines.
I'm Warning you !!
I'm not responsible for your money loses !! I'm here just for make estimates ! The trade depends on you You can just inspire from me !! But if you lose money I will not give you money back and no one will! Stocks exchange is very hazardous have that in mind ! I'm not guarantees accuracy of any content and hence using information on this website is solely your responsibility. The article is only for an informational character(nature) and should not be take(taken) as investment advice for the purchase or sale of stocks(shares) or other instruments. The reader agrees that the purchase or sale of stocks(shares) and other instruments based on the content of this article is at his own risk and liability.
Disclaimer
That all decisions the trader takes itself, and all indicated is not advice and a guarantee of profit
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