- There is a possibility of a medium-term trend reversal for MRP as the price approaches the lower boundary of the channel, which could act as a potential support level.
- This support level has the potential to launch a new upward movement in the share price.
- RSI is showing signs of moving out of the oversold area, indicating a potential buy signal.
- RSI and MA crossover: The RSI and Moving Average (MA) lines have recently crossed over. This crossover pattern has previously occurred in December 2022 and March 2023, coinciding with the price finding support at the bottom of the channel.
- Target 140.50
- This support level has the potential to launch a new upward movement in the share price.
- RSI is showing signs of moving out of the oversold area, indicating a potential buy signal.
- RSI and MA crossover: The RSI and Moving Average (MA) lines have recently crossed over. This crossover pattern has previously occurred in December 2022 and March 2023, coinciding with the price finding support at the bottom of the channel.
- Target 140.50