MARC may try again to break the resistance

MARC is not giving up yet and may try once more to break the resistance at 4.22 per share. But if the bears force is too great for the bulls, then it might retrace to 3.86 – 3.81 range. The psychological support 4.0 is the one currently holding the price not to go down. Ichimoku elements are still telling us that this stock is in an upward trend.

Caveat!

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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.

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