Will the bleeding stop na ba for MER?
closed yesterday at 85 at or above the 61.8% retracement of the recent surge
is it a good time to place a position at mer? hmmm.... If it breakdown further today (below the 61.8%) simply means weakness of the recent upswing which coincidentally also retraced the downtrend above the 61.8% level

hmmm...
Prices are below 32,65,130 MAs
MACD looks like its making hula-hula
RSI pointing down and might test oversold levels again
Stochastics reacted to the overbought conditions and moving below 70 and recently signaled a sell...
hmmm... so i its IMO lang po that we should take position in MER when it bounces from the support that it is trying to make or show to us... so lets wait for stoch's to signal a buy and for RSI to point up and maybe a big white candle will also be a big help esp with volume
:?: should we merge mer and merb now that merb is delisted?
Good luck to all MER traders
