MRCB Testing the resistance or support?

MRCB now at the resistance or support line? If it can hold above it then it might be bullish or retrace to form a double peak. So this coming Monday will be a decisive day for MRCB.. Like what chinese say " Eat Porridge or Eat Rice" depends on Monday haha..

Observation
1) Trendline - Uptrend( Bullish)
2) Formed higher low on the 20d MA support- Bullish
3) MACD -4R1G ( Bullish)

4) RSI - Rebound on 50% ( Bullish )
5) Sto -  formed bullish crossover and broke the 50% (Bullish)
6) ADX - strong momentum and bullish
7) Candle Stick -Formed a doji and non decisive yet ( Undetermined)  If go up with white candle it will be continuaiton uptrend

8) Volume Distribution - Strong Buying Pressure is very high  (Bullish )

0 Points

       7 Points







Conclusion

Winner BULL

Entry Price 2.43

Take Profit  at 2.52 and 2.67

Support at 2.35

 

Daily Buy Call in Forum..  (Do not forget to view here for daily Stock Picks)

http://edwinextremebullrun.blogspot.com/search/label/FORUM

MRCB - Slowly forming ascending triangle

Observation
1) Trendline - Uptrend - Bullish
2) HH - Formed higher low at 2.14 and going up ( Bullish)
3) Pattern - Slowly forming a ascending triangle. Break above 2.41 with high volume it will be a bullish breakout. until 2.81 ( 20%)
4) MACD - Bullish Crossover ( Bullish)
5) RSI - Broke above 70% ( Bullish)
6) ADX - Weak Momentum and bullish

Conclusion
Entry Price - 2.42 with high volume above 5 Million Shares or 50000 lots
Stop Loss - 2.25
Take Profit 2.5 (R1) and 2.81 (R2) and 3.34 (R3)


Daily Buy Call in Forum..  (Do not forget to view here for daily Stock Picks)
http://edwinextremebullrun.blogspot.com/search/label/FORUM