2Wk·

What happened to my Mayr Melnhof carton Swingtrade?

$MMK (-0.49%) Patience was at an end today, MMK is not really gaining momentum. Whether the current global situation with tariffs and the like will increase the volume of cardboard packaging in the short term 🙄

At least the upper edge of the VWAP was in - every little helps 🤷‍♂️

#trading

15.08

Mayr Melnhof

Sold x100 at €79.40

€7,940.00

5.50%

TomTurboInvest

@TomTurboInvest

2Mon·

What happened to my Mayr Melnhof carton Swingtrade?

$MMK (-0.49%) Well, it's still "swinging" 🤪 Sometimes patience is the order of the day. In the course of May, I got in with 3 tranches (May 8, 21 and 22) around the VWAP. Not much has happened since then. The share price is still "orbiting" around the VWAP, which has been almost exactly at the volume high (POC) since April.

The MMK share price has been hovering around the VWAP since the beginning of 2025 and has been unable to break out of the deviation bands either upwards or downwards. The "egg" is getting tighter and tighter, but MMK does not really want to make up its mind. Let's see, time will tell 😁

The position is still being held - it is currently down slightly at -2.x%, but everything is still within the scope of risk management.

#trading

2 Comments

Max@MaxScheu

1Wk

Which VWAP indicator do you use with TradingView?

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TomTurboInvest@TomTurboInvest

1Wk

@MaxScheu For swing trades I use the anchored VWAP, which I place on the low of the last relevant swing change. This allows you to see how the market has positioned itself since the swing change.

For day trades I use the VWAP with the setting "VWAP of the session" in the 10m or 15m chart.

PS: the VWAP is also often used by funds to time the entry, you can often read in the SEC files, Berkshire often mentions the 30-day VWAP

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