MCPHY continues to rally.MCPHY Energy - 30D expiry - We look to Buy a break of 11.61 (stop at 10.69)
Prices have reacted from 7.550.
There is no clear indication that the upward move is coming to an end.
A break of 10.60 is needed to confirm follow through bullish momentum.
The bullish engulfing candle on the weekly chart the positive for sentiment.
Our profit targets will be 13.88 and 14.68
Resistance: 11.60 / 12.50 / 14.00
Support: 10.00 / 9.00 / 7.50
Disclaimer – Saxo Bank Group.
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