Tuesday, August 19, 2014

Mirach Energy (technical)

Mirach Energy TA chart shows prices trading within $0.70 downward trend channel. Price was sticky to lower trend channel and readily came off upper trend channel, a confirmation that bearishness is still intact. However, bearish price momentum is tapering, as seen on MACD chart with MACD line and signal line trending close to zero. Break out may be possible in the next attempt for upper trend channel or around $0.215.

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