mre technical analysis

Hello everybody,

Here, I bring you an updated MRE chart. I tried to analyze it in the best way and it seems that this share starts another upward rally:

1- The uptrend has begun after a Round Pattern which is a strong support for this trend.
2- The third trough has confirmed the upward trend.
3- The Price is supported at the expected uptrend line.
4- The volume has increased from the last week.
5- The stochastic has crossed its signal in the upward trend and you can easily compare this condition with the previous ones in the chart.
6- As you can see, in this share the stochastic indicator always gives the uptrend signal before the MACD, so we can expect that the MACD intersect its signal in the near future.

Cheers,
Mybox