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mohamed.tharwat.elsherief

MR may target weekly highs

Long
mohamed.tharwat.elsherief  
NYSE:MR   None
Trend Analysis Support and Resistance Multiple Time Frame Analysis Divergence montage breakout strong pullback
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trendanalysis supportandresistance mtfa divergence montage breakout strong pullback
There are two observations on the weekly chart of Montage Resources.
The first one is we have a bullish divergence on MACD and RSI. The second one is the noticeably increased volume that has established over a whole year.

On the daily chart, we see a breakout with a strong volume that stands out. Price may test previous highs at around $7.5 or so.

Stoploss can be placed below the previous pull back just below the Daily S/R


snapshot



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