Yesterday closing price broke 37.7/38 resistance area that now become support, over a short term perspective, 41 resistance level could be next target for buying the break and confirming a positive divergence over RSI.
MMI seems breaking out its falling wedge formation, that we been following from last week. In short term it also seems breaking out of a flag formation.
* Trade Criteria *
Date first found- June 12, 2017
Pattern/Why- Falling wedge breakout Long
Entry Target Criteria- Break of $26.53
Exit Target Criteria- $31.57
Stop Loss Criteria- $24.93
Please check...
