Long
MFC Industrial building a nice base
- Bullish Crossover of 20 and 50 day MA's over the 200 day MA
- Strong break of AB resist line
- Elder Force Index showing a nice build up of bull power
- Break through the 0.382 speed resist arc firms bull bias
Current pullback from 8.20 should represent a nice buying zone in 7.80-7.95 area for upside through point C (8.25) next. This should confirm a base and trigger further strength to 9.53 (base breakout target) - 9.64 (.786 retrace). Place stop below 7.37.
- Strong break of AB resist line
- Elder Force Index showing a nice build up of bull power
- Break through the 0.382 speed resist arc firms bull bias
Current pullback from 8.20 should represent a nice buying zone in 7.80-7.95 area for upside through point C (8.25) next. This should confirm a base and trigger further strength to 9.53 (base breakout target) - 9.64 (.786 retrace). Place stop below 7.37.
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