Technical analysis by Mousanoo about Symbol MPL: Buy recommendation (7/29/2024)

Bullish Volatility signal confirmed on the Weekly. Last time this printed it yielded a 7x in about 6 months. Daily seems to have printed a bullish star reversal pattern as well. Will look to sell around February.The plan was to only take a 20% haircut at most. I ended up taking something like a 40% loss. The bullish volatility signal is still valid but market conditions have changed. I am out, awaiting a bullish volatility signal on my distal timeframe so long as the signal remains on the weekly. Hopefully the market turns around about the same time the signal appears. If it does not, I will not look to resume idea.