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
MRQ set up looks bullish once more, we have been down this road...
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Mkt cap ! $9.490M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
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| 41 | 45369302 | 0.3¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 16039115 | 16 |
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| Last trade - 16.12pm 02/08/2024 (20 minute delay) ? |
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