seems like Mels is in for a cup of tea!
Currently forming its handle after being corrected making a bearish divergence at recently high
entries can get after a breakout or in DCA system.
STOP loss - 50.5
The stock has broken above the descending trendline resistance and has reached the Fibonacci retracement resistance levels of 0.618 and 0.65. A further break above these levels could push the stock towards the 67.5 level at the Fibonacci retracement of 0.786. However, in the case of a retracement, the stock should find support from the descending trendline and the...
