MARA looks like a buy. Could go down to touch the blue support line on the RSI and price action to move accordingly to between 15 and 16. Could open a small position at current price and add later. Invalid if lower orange line is broken to the downside.
Note
After the breakdown of the bottom orange support line, MARA dropped to around 12usd. It bounced back up to the lower orange support line which has automtically become resistance once broken to the downside. Pirce action dropped back to around 12usd. This created a bullish divergence on the daily RSI. I actually have not followed MARA after the initial breakdown since I was in other stocks. However, it could be a buy if price holds up over 12usd. Since the price today is at 13.18usd, be careful in case price break downs with high volatility.Note
I used to be able to add charts in the notes/comments. Unfortunately I can not anymore and I can not seem to find out why. Anyone knows?Note
Price could test lower orange line again if price action resumes to the upside in the coming week. We will need favourable market conditions for this to happen.Note
If you have bought today at low 12's, lets see if we can bounce back to lower orange resistance line. Take care and according action if price drops below 12.15usd.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.