MWC finally broke out of the 27.00 psychological
resistance. Let’s see if it can sustain the uptrend in the next few
days. In order for that to happen it should not break the 27.00 support.
Looks like it formed a cup with handle pattern.
Chart By COL Financial
Are we looking TP at least
29-32 ??
Support 1- 27
Support 2 –
25
RSI – breaks
out
Volume – not
that significant during break out
Sell if the
27.00 support breaks
Please note that materials contained in
this article are for educational purposes only, it is not a recommendation to
BUY or SELL any security. How the information would be used would be at the
discretion of the reader.
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