1Wk·

What happened to my Mayr Melnhof carton Swingtrade?

$MMK (+0.65%) 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

Ph1l1pp@Ph1l1pp

1Wk

Do you only use the qVWAP? I would also recommend marking the previous quarter VAH/ VAL and working with anchored VWAPs on the highs/lows.

Otherwise it looks to me more like a slow bleed with acceptance in a lower range/ retest of the lows. And as long as the -1 std. dev. is not accepted and we get a HTF close below it, close the trade

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TomTurboInvest@TomTurboInvest

1Wk

@Ph1l1pp Thank you for your perspective! I always start my analysis with volume (VRVP) at the different time levels - long term weekly chart, the last few years with daily chart and then the close range. Value area volume at 68 in the VRVP.
In addition to the anchored VWAP, I also look at the VWAP at different levels. Whereby I have quite good odds with my setup - the anchored VWAP at the low of the trend change.
I am speculating that MMK has seen the lows around €65 and will hold them if they are tested again. We will see...

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