MCLEAN - Looking for a strong bullish momentumN wave with E, N & NT projection.
The price indicates bullish momentum as it has recently pushed upward.
The Tenkan-sen is above the Kijun-sen, indicating a bullish trend. The price has broken through the cloud, confirming further upward movement.
Consider entering a long position around 0.310, especially if the price shows a breakout above the NT projection (0.325) with strong volume.
Confirmation: Look for a bullish candlestick close above 0.325 to validate this entry.
Set a stop-loss at 0.295, just below the previous swing low, to manage risk effectively.
Monitor market news and trends that could impact McLean Technologies, particularly in the tech or manufacturing sectors.
Watch for confirmation from volume indicators; increasing volume on upward price movements will help validate bullish sentiment.
Keep an eye on the Kumo for any potential shifts in market structure, particularly if the price breaks above it decisively, which would indicate a strong bullish outlook.
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.