Take Profits on MVX After the Big Rally
I think MVX’s huge recent price increase increases the risk of a sharp pullback and makes the trade more speculative than before.
I’d take profits off the table now and reduce position size to lock gains, while keeping a smaller core holding if I still believe in the project long term.
I’ll use a trailing stop or set defined sell targets and avoid adding new exposure at the current run-up unless the risk/reward improves.
Analysis
Recommendation
Partial sell to lock gains now, set trailing stops or clear targets, and avoid adding fresh large positions until a meaningful pullback or clearer fundamental catalyst appears.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.