An independent natural gas
company MRD is on its way to finish weekly head and shoulders
pattern which would become an expected result of the rally since the beginning of the year. The company has already doubled its price since February 2016 and has every chance to increase the value of the shares.
The level of $15, which the company is now facing, is crucial both technically and fundamentally. However we would expect the price go up to its next level of resistance at $20.
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