Trader's Logbook

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 need more volume. Without the volume, the price could drop down because those who are holding this at higher price may become impatient and sell it at a loss and look for a more liquid position.

Caveat!