[MRCB]: Riding the construction wave
Price has tested resistance formed since September 2023 with some low volume selling on 9.1.2024.
Long & short term moving averages have aligned.
MACD shows bullish momentum.
Between Oct to Nov 2023, prices have tested support with low volume as well as two shakeouts.
Wyckoff accumulation pattern also appears to near its end with possible SOS.
If price manage to break the resistance again, this will go to a new 52 week high definitely and enter the mark up phase.
Long & short term moving averages have aligned.
MACD shows bullish momentum.
Between Oct to Nov 2023, prices have tested support with low volume as well as two shakeouts.
Wyckoff accumulation pattern also appears to near its end with possible SOS.
If price manage to break the resistance again, this will go to a new 52 week high definitely and enter the mark up phase.
Trade ativo:
Looking good.