SWING IDEA - MATRIMONYStock seems to have successfully retested its Swing Low at 500 levels.
A good support as well has formed at 547.
Price Action is trying to break the old Lower Low Pattern and form a new move upward.
MACD also seems to be slowly but steadily gaining momentum upward.
The recent Google Play dispute could be making the stock move at a very slow pace.
So far 547 seems to be like a good support zone. Although any new lows beyond 500 levels could only mean further disasters.
Trade only with strict Risk Management.
