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18/05/16
21:53
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Originally posted by suzanmb
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Hi everyone, On my Elliott wave " technical analysis charts" MRM has performed a perfect rally / retreat . 50c being the resistance level and .42c being the support level . This is why I think MRM has become a trading share . We should see at least another two attempts at .50c before a breakthrough , this may take another month , but any good news , may be sooner . When we break .55c the next resistance level should be .65c . But a retreat near .50c is expected , this should be the pattern up to the major resistance level at $1.03 . This may complete leg one of the Elliott Wave . If so be very carefull as a retreat of 65 - 85% on the Fib is inevitable . I intend to have a professional give advice when we near this price ........Cheers
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Lol suzan i have a funny formula i dont use much but is there for seeing the future and it runs in at 104 . It proves up a bit though im more penny stock inclined .
May have to play with it again.