A cup for MRC?

After slowly falling from 0.127 to around 61.8% Fibonacci Retracement level, MRC is now moving up and it seems to be developing a cup which will end back to 0.127 per share.

Ichimoku elements are in a bullish setup with Tenkan Sen line moving above the Kijun Sen line and Chikou Span is hovering above the price. Price may touch 0.097 before bouncing to respect Kijun Sen’s magnetic force. Immediate resistance is seen near 0.105

RSI or Relative Strength Index is at 54

Caveat!

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