Sunday, 16 July 2017

MRP

Mr. Price (MRP) has fallen from the channel (E), 22% over 36 days and currently trading downward (D) up to point (C), at the second Pivot Point support level. Has strongly trade back today, 18 May 2017, with increasing volume (B) and a Stochastic price diverges (A). With all these information, we just might start to keep an eye on this stock. Remember these are the triggers and we have to wait for more confirmation on a possible trend change. Price trading back above the trend line (D).

 

Since middle May when we spotted the reversal at point C, the stock has advanced to point F, with a retracement (G) to define the new trend.  The price has rocketed again and heading for point H or higher.
 
 
Trade with caution as the markets are very unstable and uncertain.
@Duplo123 or join us on Skype

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