My fellow traders....substantial profits....are over due for mrx holders.
The duration of the pattern indicates the significance of the price movement. John J. Murphy writes that rounded bottoms "are usually spotted on weekly or monthly charts that span several years. The longer they last, the more significant they become."
In mrx's case, it has been nearly 4 years...now that signifies are very long time in development..... Looking at the weekly chart pattern of mrx....i would say that we are at the end of the development phase.......we are very close to a significant breakout....assuming we breakout in the next 10 days....the measurement rule applied could see mrx quickly reach .25 to .30...before any consolidation is evident.
MRX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held