MAXS potentially forming a bullish harmonic pattern

Max's Group, Inc.

MAXS is potentially forming a Bullish Bat harmonic pattern with PRZ (Potential Reversal Zone) around 15.45~17.00.

*Recent sell-off on MAXS has something to do with its removal from the MSCI Global Small Cap Index.
Details: https://www.facebook.com/PSEStocks/posts/1036643446465949

Trading Plan
- Trade this setup once the harmonic pattern has been completed.

MAXS: Potentially Bottoming Out

Max's Group, Inc.

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.

MAXS: Potential range trade opportunity

Max's Group, Inc.

Potential range trading opportunity at 24.2~25.75 range.

*Immediate support at 24.
*Immediate resistance at 25.9 (next resistance area around 27.5~29).

Trading Plan
- Buy near support.
- TP at 25.75 (limited upside/tight range)
- Stop-loss at 23.5 for a risk/reward ratio of around 1:2.