just realised that we don't have a TA/chart thread for MRQ, so starting one today.
HUMBLE REQUEST
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Please restrict this thread for TA / chart discussion only. For any other discussion re ann/news, please use appropriate threads - thanks for your understanding
interesting chart - we had a GOLDEN CROSS of the 30 / 100 EMA yesterday... comparing this with the last time we had a similar cross was on 23/3/18 - a few days before the 11/4 ann of the HMS acquisition (hence, I always think that good/bad news are always seen in the chart a few days/weeks before the actual announcements)...
the advantage this time is that we have a HIGHER VOLUME + lower RSI this time compared to last time + the MACD setup is very similar to the last one and the MACD of that previous run was PEACH ! So hopefully we see a similar setup getting formed this time around too...
more comments on the chart...
MRQ Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held