Long
MLHR Strong Move June 27, 2019
It just broke above its major resistance and bull channel's resistance with high volume. It could keep moving up straight or probably go back to its new support at $40 before continuing its upward move. But if today's closing price is same with the opening price (showing a strong rejection), probably it could be a strong sign that the stock price has failed to establish the bull trend and then would go downward.
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.