the problem with MARA is the daily - if that is the final low,
it's going to be choppy going forward after that damage from the
50% sell off, I suspect it will run into some resistance either
here or near the 20 day MA then pull back again. One thing that
bothers me is that price got pretty close to the 200 MA but didn't
tag it, so it's also possible that after this rally it goes down
again and takes out the recent lows to test that 200 MA
for me I'm using intra day time frames to manage the trade,
which is why I've been showing the 60 min chart
MARA stop held
Posted by matt on 26th of Jan 2024 at 09:40 am
MARA - Chart Link- popping up nicely
Where do you see this
Posted by anjali25 on 26th of Jan 2024 at 01:16 pm
Where do you see this going in short term - would appreciate your thoughts - interesting that STS went long on this yesterday too
typically after a 5 wave up and 3 wave correction should be another 5 wave up - would welcome your thoughts
I had been looking for
Posted by mastermind on 26th of Jan 2024 at 01:58 pm
I had been looking for a buy opportunity and bought AH yesterday on the KISS buy, something I often do.
the problem with MARA is
Posted by matt on 26th of Jan 2024 at 01:26 pm
the problem with MARA is the daily - if that is the final low, it's going to be choppy going forward after that damage from the 50% sell off, I suspect it will run into some resistance either here or near the 20 day MA then pull back again. One thing that bothers me is that price got pretty close to the 200 MA but didn't tag it, so it's also possible that after this rally it goes down again and takes out the recent lows to test that 200 MA
for me I'm using intra day time frames to manage the trade, which is why I've been showing the 60 min chart
Interestingly if it does the
Posted by anjali25 on 26th of Jan 2024 at 01:35 pm
Interestingly if it does the it will become a 5 wave down …
would love to see a view of how you are managing stops on the 60 min from the move up - currently seems to be flagging again on the 60 min