MBE alert closed at 0.076 at the stop loss level

Trade Management – Closed Alert

MBE Stop Loss Triggered at 0.076

Alert Closed at 0.076

 

Previous Alert 31/7/17

Stock : MBE – Mobile Embrace Limited

Current Price : 0.081

Previous Buy Entry (Trigger Level) : 0.076

New Sell Exit Zone (Stop Loss) : 0.076

Previous 50% Partial Exit Zone (Target) : 0.105

Status : On watch for higher low

MBE has traded through 0.10 hitting the target zone a few days and now is contracting off the highs in search of buyers. We are watching now for buyers to step in and soak up selling to build the higher low for a push back through the 0.10 level.

 

ORIGINAL ALERT 13/7/17

 

Stock : MBE – Mobile Embrace Ltd

Current Price : $0.076

Status : New Buy Entry Level at $0.076

New sell exit level: $0.063

MBE has built a new base after strong selling in the past year. We often see continuation of buying when volume is associated with the daily moves higher. The 12 cent level is what we will initially focus on as a target but may take a 50% portion at 10.5 cents. Traders may be able to take advantage of the price increment jump from 0.1 cent moves to 0.5 cent moves when price moves past 10 cents by putting a sell order now for a portion at 10.5 cents.