MRP chart #1 (from Sunday report) - big level there at ~R237-ish.
MRP chart #2 (as of today's close) - it's been trading into R237 the past two days, with a long term rising wedge. In addition, a very interesting candle (bearish engulfing).
MRP chart #3 - price (last close R232) extended vs 200-day SMA (at R176). Trading 31% above it's 200-day SMA. By historical measures, that appears extended to the upside.
Previous Post (Caution, New Longs)
Ticker: MRP
Pre-Market
Yesterday evening's reading via the Tactical Trading Guide has caught my attention:
As noted at the start of this week.
Previous Post (Friday, 16 August)
Real-Time: 10h11
Entering An Overbought Range On It's Weekly Chart
Recently High Bullish Momentum However, Now Most Overbought Since May 2021
Lester Davids
Analyst: Unum Capital
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