Long
MTR bounce of 50% Fib
MTR has broken the 50% retracement line with some strong bear action. It's now poised at the .618 retacement level that could see it bounce off this area and make a new high. There has been some strong downward pressure pushing through the .318 and the .50 which could easily see the bears push through the .618 also. If this line is broken, look to sell as the next support will be around .718 (2.44p),, which could see some significant losses. If it holds .618 then look for resistance and .382
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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.