MFCB Stock Analysis
First I always look at the chart first, identify which market structure we are in?
There is 4 stages in the market, Accumulation stage, Advancing Stage, Distribution Stage & Declining Stage.
Personally, I look at MFCB now currently from distribution stage heading into declining stage.
Share Price at the same time dropped bellow EMA 20 & 70,...
MFCB - The stock just stage for another round of bullish breakout, which you shall expect further upward continuation. MACD just done bullish crossover, RSI & MACD sloping upward. Resistance can be found at 4.65, support level observable at 4.29