MAX is potentially bottoming out already at support area (see bottoming out pattern on the chart). It's also potentially forming a bullish Double Bottom pattern.
*Support zone: 19.6~20
*Immediate resistance: The downtrend resistance line, next is around 24.
*RSI at oversold territory.
Trading Plan
- Test buy or build position at support area.
- Short term TP at around 24 or take profit/cut position if it fails to break that downtrend resistance line.
- Stop-loss just below the support zone.
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