Showing posts with label Trend Reversal Potential. Show all posts
Showing posts with label Trend Reversal Potential. Show all posts

Thursday, January 23, 2025

MONDE (Monde Nissin Corporation) January 22, 2025, Daily Chart Analysis Using the Hybrid 10-Step Trading Strategy

Contents:

  • Overview
  • Hybrid 10-Step Trading Strategy Analysis
  • Conclusion

Overview

Monde Nissin Corporation (MONDE) remains in a downtrend, though recent price action suggests early signs of stabilization above 7.00. The 20-day moving average (7.72) is a key resistance level, with 7.50 - 7.72 serving as the next critical test. A break above 7.50 with strong volume could signal a potential short-term reversal, while failure to sustain above 7.00 could lead to a retest of 6.80 - 6.50. Given the broader bearish trend, traders should remain cautious and wait for confirmation of strength before entering long positions.

Technical chart of MONDE on January 22, 2025, displaying moving averages, price trends, and volume indicators.

MONDE’s January 22, 2025, daily chart shows signs of stabilization, with key resistance at 7.72 and support at 7.00.

Market State & Trend Context (Step 1)

MONDE remains in a long-term downtrend, despite recent signs of a potential short-term bounce:

  • The 200-day moving average (9.85) is trending downward, confirming a bearish long-term structure.
  • The 20-day moving average (7.72) is acting as immediate resistance.
  • The stock is attempting to stabilize above 7.00, a key psychological and technical level.

Position, Location & Key Retracement Zones (Step 2)

  • The price is below both the 20-MA and 200-MA, indicating continued weakness.
  • Key resistance lies at 7.72 - 8.00, aligning with the 20-MA rejection zone.
  • Support is forming at 7.00, where buyers are starting to step in.
  • If price breaks below 7.00, the next downside target would be 6.50 - 6.70.

Power Bars & Retracement Strength (Step 3)

  • A green power bar has appeared, signaling renewed buying interest.
  • However, volume remains uncertain, meaning follow-through is necessary to confirm strength.
  • If price breaks above 7.50 with volume, it could challenge the 7.72 - 8.00 resistance zone.

Entry with Confirmation from Both Strategies (Step 4)

  • Long entries should only be considered if price clears 7.50 with a strong green candle and volume spike.
  • Short trades remain viable if price rejects 7.72 - 8.00 at the 20-MA resistance level.

Tactical Stop-Loss Adjustments (Step 5)

  • For longs, a stop-loss should be placed below 6.90, ensuring protection against breakdown risk.
  • For shorts, stop-loss should be above 8.10, as a breakout above this level could signal trend reversal.

Color Change as a Secondary Confirmation (Step 6)

  • A shift to green near support (7.00) suggests some bullish pressure.
  • A strong green candle above 7.50 would further validate a bullish case.

Profit-Taking Aligned with Retracement Targets (Step 7)

  • For shorts, taking profits at 7.00 - 6.80 is advisable.
  • For longs, exits should be targeted near 7.80 - 8.00, where resistance is expected.

Re-Entry at Secondary Retracement Pullbacks (Step 8)

  • A pullback to 7.00 with support confirmation could be a re-entry point for long trades.
  • A failed breakout above 7.80 would offer another shorting opportunity.

Tactical Position Management (Step 9)

  • Long trades should be sized cautiously, given the strong downtrend structure.
  • If price rejects 7.72, adding short exposure could be beneficial.

Counter-Trend Trades Only When Retracement Fails (Step 10)

  • A counter-trend trade (long) should only be considered if price closes above 7.50 with strong volume.
  • Until confirmation, the safer strategy remains to trade with the downtrend.

Conclusion

The January 22, 2025, daily chart of MONDE suggests early signs of stabilization, but resistance at 7.72 - 8.00 remains a major test.

  • A break above 7.50 with strong volume could indicate a short-term recovery.
  • If price fails at 7.72 - 8.00, another leg downward toward 6.80 - 7.00 is likely.
    Traders should wait for confirmation before making directional trades.


Disclaimer: This post is for informational purposes only and should not be considered financial advice. Always do your own research before making any trading decisions.


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