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.

Caveat!

The following two tabs change content below.

felix

A computer engineer by profession and loves to develop online systems/websites. A self-taught stock trader who loves to share his knowledge and enjoys learning, expanding knowledge and staying well-informed. Most often he uses candlesticks, Fibonacci Retracement levels, Ichimoku system on his technical analysis but loves to hear some rumors as well.

Leave a Reply

}