a huge selling is being expected for martin marietta materials(mlm) , according to hourly the macd has been showing a great bearish divergence, a strong reversal from 200 sma in hourly with already strong sell in the daily timeframe just below 50 sma which is at $165.76.
in the 30 min timeframe macd has already crossed below 0 and hoping around 50 sma which shows a huge upcoming smashing waves to downwards.
1st target- 158 ( at 100 period sma of daily timeframe)
2nd target- 145( around 200 sma of daily).
stop just above 165-166( above 50 sma of daily timeframe)
in the 30 min timeframe macd has already crossed below 0 and hoping around 50 sma which shows a huge upcoming smashing waves to downwards.
1st target- 158 ( at 100 period sma of daily timeframe)
2nd target- 145( around 200 sma of daily).
stop just above 165-166( above 50 sma of daily timeframe)
Comment:
mlm has broken now 100 sma now next target price will be around $145.