I don't remember if I made a post on this. But I am trading Mark. I have circled the day I bought and have drawn a line to represent my entry buy. RSI has had a strong up ward trend and price has bounced off the 50 EMA showing support . Price has really spiked in the last few days.
I have a LOT on here but I've been watching MARK and am LONG.
1. The yellow line is the long term bottom support line since the last run.
2. I've put the red line to indicate the consolidation zone since the peak in early January. The two trend lines show a nice big triangle.
3. I put Fib retracement lines showing support from the last breakout in late November,...
Hello all, welcome to my first time publishing an analysis of a stock chart. I began trading with stocks, and this one specifically I have held for about a year. I have dedicated most of my attention into trading cryptocurrencies, but I still hold this stock. I hope this information can be of good use to you.
We have MACD RISING TO THE ZERO LINE(with plenty of...
Remark looking to recover from downtrend. Price will test the 150 MA, it's likely that it will reverse in a up trend at this point showing a strong bullish indicator. Needs to break resistance level of 7.15 in order to hit the next target.
Target 1: 7.93
Target 2: 10.65
Stock moved up too high too fast and will need to correct for short term gains to be captured. Watch for .382 fib level at $10 and .5 level at $8.5. It'd be interesting if we tested the .5 level since it correlates to the 2014 high. Also, VI- looks to be stretched downwards too much which will probably move up soon to create selling pressure.
Looking to go long $MARK on tuesday. Appears to have jumped the creek with the third close above this month. Looking for the markup. Long term TL's on the monthly chart with Wyckoff analysis. That black monthly candle from 2008, ouch.