MARC establishing new support.
MARC ignore the gap created yesterday and continue to move up above the 3.86 or 78.6% Fibonacci Retracement level. Is it going to hit the 4.22 very soon? So far we don’t see any resistance at this level until it will reach the 4.22 per share which is our high last Novemember. All Ichimoku elements are still in green. Our threat at this time is the Kijun Sen at 3.63 but as long as the 3.86 will hold, this line will bend upward and MARC will be safe from the threat.
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