MRQ - chart thread !, page-1419

MRQ set up looks bullish once more, we have been down this road before whereby chart looks bullish but then fades away, i get the real feeling this could be different, but i will bite my tongue for now, every indicator has based and turning up and the imminent 5 & 9 ema cross 20sma has turned up and provided a nice engulfing green candle with increased volume.

The only negative is SP a bit high inside bollie band, but that shouldnt be a barrier as i have seen SP can elevate higher than the upper bb for a decent stretch, so its fairly well set for another engulfing green tomorrow, if thats what the market decides to do, if not then a flag formation may be set to allow for a bit more leverage before the next leg up


I guess tomorrow will tell which option the market decides, but i am hoping for the first option....

IMO