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[MRCB]


If we look at the weekly chart, it took ten weeks for MRCB to fall from circa 1.70 to its low of 0.935. Would it take the same number of weeks to go back up to 1.70? Nobody knows. But its possible, and reaching 1.70 looks plausible since this week the price is on the way up unless it later got boged down at around 1.30 level.

From the monthly chart, if the current candlestick stays looking like a morning star then that will further confirm the turnaround which may go as far as 2.00 unless again it got thwarted at 1.20-1.30 level. Otherwise, falling off to 0.70-0.80 is still quite a possibility, however remote.

The daily chart also indicates positive movement in price towards the 1.70 level with resistance at 1.20, 1.40 and 1.50 as well a possibility of going down to at least 0.95.

Which is which? One has to decide on one's own!
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