MWC is having a hard time breaking the 30.00 resistance. It tried approximately 5 times but it failed.
Range is from 27.00 - 30.00. The Psychological resistance is 30.00 and support is at 27.00. Other support points we see are below 29 near sma 20 and ema 22 and 28.22.
Might be good to sell at 30.00 at the moment.
We mentioned that before that we are looking at 29-32 as target price. Please see previous chart below dated 8-7-2014.
At this stage we need to break the 30.00 resistance to be able to hit 32.00.
From 27.80 to 30.00 is around 7.9%.
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educational purposes only, it is not a recommendation to BUY or SELL any
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