weekend charting elevator week 7th may, page-33

MGX fer Ten, who has shown an interest in it.

It's looking dodgy to me. It managed to climb above the red ML and close there on Friday, and the stoch has kinked up, but the pattern of candles looks weak, and I cannot see that it has demonstrated support. I am pessimistic. There is a bit of temporary support on the green 1st warning line, but that green trigger line looms large under it. If the first warning line does not hold, there will be a 2nd IT lower low, and that is not a good thing.