Waiting for breakout symentrical triangle. Trigger for huge volume
MRCB just recently breakout it cup formation with strong resistance of 0.510 My target price will be around 0.630
Trade ideas for this counter. Trendline BO and hopefully it will retrace a little before buy again. CL if below 0.425. Happy Trading TAYOR
Following a reversal V-bottom chart pattern, MRCB has been moving in a range bound below 0.60 for almost a year. The share has completed several reversal setup and recently, closed above a valid DTL. Our price target is at 0.80. Key support 0.355 Disclaimer: Our content is intended to be used and must be used for technical analysis education purposes only.
After releasing an excellent QR report (QoQ: +2824%) on 25-Feb, MRCB looking good to go upside. Price just crossed EMA50 with solid volume. Future Ichi cloud narrowed and looking to turn green. The first resistance is down trendline or EMA200, if break, potential to swing long.
My 2 selections of entry zone. I will enter my position when 1) 15M TimeFrame stoch goes into Oversold area. 2) Reversal in oversold area 3) Pups/Mini pups in stoch 4) Formation of Cup n Handle 5) Entry when bearish volume turns weaker than the next bullish candle. Others: SMA's
MRCB in uptrend, depending on construction overview next week.. Not buy/sell call,trade with own risk..TAYOR.
TP: 0.79 SL: Daily close below 0.35 Disclaimer: Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment base on your own personal circumstances. The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of...
LOOKING AT 0.455 FOR IMMEDIATE RESISTANCE BEFORE RETEST AT 0.47. VOLUME STILL NOT ENOUGH TO PUSH FUTHER. LETS MONITOR THIS STOCK FOR THIS WEEK
Pending breakout to the last support turn resistant level. The reward to risk ratio is too great no one could ignore.
Strength signal in the chart: 1. Shakeout Completed 2. Green pentagon in daily chart 3. Wait for another Green Pentagon in hourly chart Hit the "LIKE" button to support us :) Disclaimer This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
first try for basic technical analysis. for educational only.
Breakout trendline and Pattern Pole flag pole. Wait for retracement at H4. Good counter.
The price plunge was a historic for MRCB, and they get managed back and rising back to their legendary strong support. But, we can not assume that the market is the same all the time. This time is really different... the historic Covid pandemic.. I'm going to long position on this, at minimum projection target. Market watch still going after Tp.1 reach.