MER facing its resistance level again

While other blues plummet, MER went the other way. It is up by 3.15% at the closing bringing it price to 295.00 per share. The question is, will it continue to go up? Looking at the chart we could see an interesting movement of MER on previous weeks. See how it tried to break the level many times but failed? Will it be a different story this time?

Caveat!

One Response to MER facing its resistance level again

  1. […] it break from the Kumo today. It also convincingly break the resistance we described last time (MER facing its resistance level again). It is now touching the upper band of Bollinger Band and may walk with the band if it continue to […]

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