Tuesday, February 14, 2012

MRC - MRC Allied, Inc.

Daily - We see a MACD Bullish Divergence. Current pattern is a Falling Wedge. It is now testing the descending resistance of the Wedge. If breakout tomorrow, it needs another high volume + RSI (30) needs to break 54.46. This will help validate that breakout and momentum upward is valid. Another good signal to watch is if price does a crossover to 50 and 120dma. If breakout not successful, see you at 0.24

Weekly - Formed a Bullish Bat and Stochastic showing a good signal.



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