MAWANASUG - Powerful Indicators for strong returns, You Cannot Miss!Mar 08, 2022
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While trading the market it is important to understand the behaviour of the market. We have published a report in which we recommended MAWANASUG by using simple technical tools along with price patterns.
MACD along with Price Pattern can give a strong confirmation setup and if combined with appropriate time tools one can trade exceptionally well.
Look at the below chart of MAWANASUG published in the Equity research report on 04th March morning before markets opened – "The Financial Waves short term update"
MAWANASUG Daily chart anticipated as on 04th March 2022:
MAWANASUG Daily chart Happened as on 08th March 2022:
Wave analysis as we published on 04th March 2022:
On the daily chart, in the previous session prices formed a bullish candle. A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift. A close above 120 will confirm breakout of cup and handle pattern. MACD is above 0 and on Wednesday the MACD line crossed above the MACD signal line which indicates that bullish momentum has increased in this stock and may continue in the coming session.
In short, the trend for this stock is positive. A break above 120 can lift the price higher towards 132-135 as long as 114 holds on the downside
After we published the report on 04th March(premarket), prices kept consolidating and on 8th March (today) the stock hit our target of 132-135 levels and made a high near 143. In such a market scenario, within 2 trading sessions, the stock has given more than 18% return.
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