MWIDE almost done with the cup?
MWIDE is currently on track in creating the cup which will end near 14.71 per share. After that we need to monitor if it will create a handle or it will continue to move upwards. Based on our weekly chart, there is a possibility that MWIDE will hit the 17.x level. But this might take a while and somehow MWIDE will take a rest. For those who are holding MWIDE you may continue to hold and monitor for bearish candlestick pattern near the resistance. For those who wants to get in, maybe you need to wait for the correction or breakout.
RSI or Relative Strength Index is currently at 69
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