MARI is displaying a strong bullish setup as price has successfully broken out of a long consolidation within a symmetrical triangle pattern, confirming strength above the key 0.5 Fibonacci retracement level at 664.95. With the breakout accompanied by higher lows and steady upward momentum, the stock is now targeting the next Fibonacci levels at 720.40 and 789.00, with a broader upside potential extending towards 899.90 and even 1,027.71. The breakout structure suggests buyers are regaining full control, while the invalidation zone remains below 609.50, keeping the risk-reward profile highly attractive for positional traders.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
