MKTX (Marketaxess Holdings) offers an objective long entry here at support and/or on a breakout above the dowtrend line/wedge with stops commensurate with one’s average entry price and preferred price targets (T1–T3 shown on the daily chart below).
MKTX daily July 11th
With MKTX solidly entrenched in a downtrend with no signs of a reversal or bottom at this time, an entry here at support would be considered more aggressive than the alternative entry or add-on which would be triggered on a breakout above the bullish falling wedge pattern. One option is to split the difference with a starter position here at support, adding if, when, & only if the stock makes a solid breakout and/or daily close above the downtrend line.