MFG.ASX_Bullist Breakout Trade_Long

ENTRY: 15.38
SL: 14.38
TP1: 16.02-16.65
TP2: 17.46

- ADX>25
- Daily RS +ve
- Daily FFI +ve
- Weekly RS -ve
- Weekly FFI -ve
- Moving averages are aligned except 200EMA.
- Breakout of downtrend since 20 Dec 2021 and small consolidation zone since 29 Jul 2022 with volume.
- Possible change in trend on 20 Jul 2022
- Entry today based on breakout and >3% rebound off 10EMA with volume.
- Watch out for upcoming earnings.

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