MR

novvoll12 novvoll12 MR, D, 2 years ago
MR: MR - Breaks above 28.08 is key to test falling wedge resistance
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MR, D
MR - Breaks above 28.08 is key to test falling wedge resistance

MR has formed a 2-year falling wedge from its 43.81 peak (August 12, 2013). The recent rebound from the 23.93 YTD low (July 7, 2015) reached 28.08 (August 10, 2015 high) before consolidating. A break above the 28.08 area would signal a 4-week rising triangle breakout (as shown on the daily chart) and test the 200 day moving average currently at 28.27 and then the ...

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