Watchlist: MRP Part 2

As mentioned on the my previous post, MRP might pullback and it did.

I'm not an expert but it seems all my reading paid off.

If i will trade this stock, since its on sideways, i will enter @ 6.13 cut loss @ 6 which is 2%.

Will sell on 6.43 which 4% profit. I could wait for the breakout which will give me 8.79% gain but there's no strong confirmation that stock is trending up as it hasn't broken the 20 EMA resistance and RSI is @ 40.

If theres a huge volume in the next coming days and RSI goes up, then will wait for the 8.79% profit target.

Update: 05/26/2018


Price did plummet @ 5.91. Below 20 EMA.

Trading strategy: check if support @ 5.50 or midline support @ 5.93 will hold. Won't enter unless there's confirmation. Way too risky