MARC has been slowly moving up the ladder and although we see a signal for possible reversal last January 3, it didn’t happen, instead continued to climb slowly. Today, another possible reversal brought by the Dragonfly Doji. Will it reverse this time? A Bearish Dragonfly Doji Pattern is a single candlestick pattern, which occurs at [...]
MARC close in red as it declined 4.48% to 1.92 Looks like it is breaking the support of the falling wedge or its just about to rebound soon? Falling Wedge has a bullish bias but it doesn’t mean it can’t go down as well. Mining stocks have been battered today, will they come in full [...]
MARC is forming a falling wedge based on the weekly chart we got. Are we going to see MARC rise in the coming days? The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction [...]
MARC‘s news about the 142% growth in shipment volume in the first nine months of the year didn’t not make the price go up but instead it went down further by 3% today. Price is at the higher end of the current trend last Friday and RSI has a buy signal but instead it went [...]
Looks like a double bearish signal for MARC. Price runs through the support from the wedge it created. Can it still recover? We were speculating that it might rebound because of the doji candlestick yesterday but it was a failed reversal. Price now is within the area between 0 – 76.4% Fibonacci Retracement level which [...]
MARC‘s price is still going down following the track created by the falling wedge. Still within the channel and may soon break from it. Buy signal on RSI. The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes [...]
This is going to be the third time MARC hits the 76.4% Fibonacci Retracement level since August. First time it did, it had a good rebound but the dip to this level the second time around, it barely rebounds. Now that it hits this level for the third time, will there be a rebound or [...]
MARC trying to move above the 76.4% Fibonacci Retracement level. The movement looks similar that of early last month. But we also notice a Descending Triangle formation for MARC. The Descending Triangle is a bearish formation that usually forms during a downtrend as a continuation pattern. There are instances when descending triangles form as reversal [...]
Let us see if MARC will do the same last time it hit the support level at 76.4% Fibonacci Retracement level. Few weeks ago, it was on that level but bulls brought the price up but not so much that the danger of going down is still there. Now bears will try to pull it [...]
Since the last time MARC hits the 76.4% Fibonacci Retracement level (On your MARC, get set…. go?) it bounced although with some headwinds along the way like 3 instances last week. Will it continue to go up north or try to visit the major support again? Notice that the volume is not that impressive. We [...]
MARC went up second day but the same with the first day of uptrend there is no volume. Maybe there are just a few who wants to play around with the stock. It might be a bull trap. Caveat! A false signal indicating that a declining trend in a stock or index has reversed and [...]
Marc (MARCVENTURES) has been in a downtrend for quite some time now. Friday’s price break the 76.4% Fibonacci Retracement level and stayed above it until closing. Is this the start of a reversal? Notice that the last two candlesticks form an engulfing pattern. But observe that we do not have the right volume for now. [...]
With the bad publicity about mining in our country will MARC bounce since it is now near its 76.4% Fibonacci Retracement level. Candlestick doesn’t tell us it will reverse though. RSI is at oversold level. Caveat!
Although it went up a little last Friday, the whole picture still suggest a downtrend for now after the Doji last July 4. There might be a spike on price but I do not think it will be worth your time and money for the time being. Lets just wait and see for the next [...]
MARC – MARCVENTURES Avoid Marc for now as recent candlesticks suggests this will be in a downtrend. Basing on yesterday’s doji and today’s red close, this might dip more. Volume is also declining. Support at 2.60 and 2.58 Caveat as always.
MARC (Marcventures) After a long consolidation from this stock, I think its about time this will go up. Today’s price action and volume speaks so much about this stock. Will there be a rescue mission for those ipits at 7-8? Hopefully the EO (to be released on FRIDAY) will make the mission possible.
Sold my Marc yesterday due to not so good price movement for the past few weeks. Will try to test buy at 2.30 – 2.40 level. Fundamentals still intact but have to find a faster horse
Marc is starting to get noticed by traders/investors as seen on its trading volume today. The house of MANDARIN is leading the top buyers list. Some says the 3rd shipment is already on its way. But still have to confirm from company disclosure.
Marc (MARCVENTURES) went down lower than the price where the Fibonacci retracement of 61.8% is but rebounded before the market closes last Friday. Volume is too low but RSI is already oversold. Due to some rumors about Marc, its price may dip further south. Caveat!