MWC still moving inside the upward channel. May touch support soon

After MWC move up and hit the resistance slope, it might move down to hit support slope as it continue to move inside an upward channel. Today it fell by 3.3% and may continue to move down due to the magnetic force of Kijun Sen line that is moving horizontally at 25.57 The RSI or Relative Strength Index has loosen up a bit as the price selling pressure was felt today. From 80+, RSI is now at 63.

It would be better to wait near the support slope and see if we will have a bullish pattern on that area before getting in.


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