Upside breakouts often lead to small 2-3% rallies followed by an immediate test of the breakout level. If the stock closes below this level (now support) for any reason the pattern becomes invalid.
note: if u'll notice, MER respected it's fib retracement @ 38.2% for today's trading..
nathsy wrote:tarantrader wrote:nathsy wrote:Thanks for the insights ricci!
regarding MER... lumampas pa sa 240 level to 231! Dami siguro na kuryente hehehe
aabot kaya to ng 220? 200?
Pun intended? Anu un sir?
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