Mirach Energy

Mirach Energy: Voyage REsearch notes that Mirach's share price experienced a sharp rebound recently and broke its 50MA ($0.147) and 100 MA ($0.154). The momentum looks health with the MACD turning positive and both the divergence lines trending upward. Volume traded today also amounted to more than 100m shares. RSI also rose rapidly, suggesting heavy buying momentum. The house reckon that if the momentum can persist and the share price can shift across $0.22 (the 200MA and 23.6% Fibonacci resistance), the share price has the potential of moving up to $0.290 (38.2% Fibonacci resistance).