MEBL is in a continuous bullish trend, forming higher highs and higher lows. The price has currently retraced to the 0.5 Fibonacci level, aligning with support from the 13 EMA. A buy can be attempted at the current level, with a stop loss below the last low and take profit targets around the recent top and the ABCD projection.
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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.