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 highs and reaction lows converge. Falling wedges slope down and have a bullish bias. However, this bullish bias cannot be realized until a resistance breakout. Will this news going to give some spark? Marcventures Holdings to raise P37.5M from issuance of warrants
Notice also that its price has been trading near the 76.4% Finacci retracement level. I has been in that area for 4 weeks now. Is it time to breakout or we need our price to touch the level before reversing?