MR may target weekly highs
There are two observations on the weekly chart of Montage Resources.
The first one is we have a bullish divergence on MACD and RSI. The second one is the noticeably increased volume that has established over a whole year.
On the daily chart, we see a breakout with a strong volume that stands out. Price may test previous highs at around $7.5 or so.
Stoploss can be placed below the previous pull back just below the Daily S/R
The first one is we have a bullish divergence on MACD and RSI. The second one is the noticeably increased volume that has established over a whole year.
On the daily chart, we see a breakout with a strong volume that stands out. Price may test previous highs at around $7.5 or so.
Stoploss can be placed below the previous pull back just below the Daily S/R
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.