Short
$MTRX
Just an update on this beautiful stock. I believe we completed out 1-5 wave up and now in our correctional wave down. I would love to see a double bottom on the .618 to enforce its new floor. If we break through this .5 fib is where I will be buying more getting ready for a major bounce.
The macd is over extended massively, we are far off our 200 ma and the RSI still needs to come down to make its neg leg up. Not to mention the lack of volume from the bounce off out .618 has been diminishing by the day.
The macd is over extended massively, we are far off our 200 ma and the RSI still needs to come down to make its neg leg up. Not to mention the lack of volume from the bounce off out .618 has been diminishing by the day.
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