Our mission is to help you obtain financial freedom. Checkout Our Youtube Channel Checkout Our Youtube Channel

MPW Trading Below $4.60 Resistance

MPW showing some bullishness below $4.60, which was the price level where I placed my first buy order. I would continue monitoring $4.60 for resistance and a potential rejection. This is also an opportunity to exit the previous buy order at breakeven and reopen at a lower price. I think there will be more buying opportunities later after the Fed starts cutting rates. The Fed pause correlates to market peaks, which is why I have been focused on shorting at these all time highs. For the short-term I would make trading decisions around these price levels, and $4.60 needs to break for MPW to trend up higher.

ChartChamp socials: https://linktr.ee/realchartchamp

Inline Feedbacks
View all comments

More ClearValue Insights

Default Thumbnail

IWM Struggling to Break Through the Red Resistance Line

IWM was attempting a bullish breakout above the red resistance line. However, this turned into a failed bullish breakout and IWM is back below the red resistance line again. I would monitor for more attempts to break the red resistance line over the next few weeks. For now there is support building up around $191. […]

Read More
Default Thumbnail

QQQ Weekly Open with a Bullish Gap

QQQ had a bullish weekly open with a gap higher. I have updated my charts, and I have the red resistance line as a key price target of interest at $446.09. I think QQQ could have some upside this week especially if we get some strong data and strong earnings announcements from the Mag 7. […]

Read More
Default Thumbnail

SPY Potential Rebound Soon

We have a big week ahead in the stock market with a lot of big companies reporting earnings. The S&P had a very bearish week last week and I think we could see a rebound this week. It will be important to see if the Magnificent 7 reports strong earnings, and whether GDP and PCE […]

Read More