MRC MercatorLikewise many polish companies charts, MRC last few months seems to be an accumulation period. Lately we could notice an upward impulse. Hopefully it is just a beginning of an incline do 120-250 PLN.
MRC
TLT weekly end of the ABC correctionBuy shares of TLT Stop at $97.02
TLT weekly end of the ABC correction at the bottom of the Mean Reverse Channel
META 2D exhaustion volume wave 3 wave C correctionOrder BUY META NASDAQ.NMS Stop 103.91 LMT 103.91 will be automatically canceled at 20230401 01:00:00 EST
META 2D exhaustion volume wave 3 wave C correction. Also, in despair phase of the bubble below mean on ALL timeframes.
GBPCAD bearish prediction based on the MRC & Auto Fib ExtensionThe GBP CAD pair is predicted to go bearish in the near future. The reasoning behind this prediction is based on the latest SRS Trend Pro signal on the 4H chart, as well as the Mean Reversion and the Auto Fibonacci Extension. Remember to like us and follow us, and we will provide more exciting trading ideas soon.
ADABTC - SuperSmootherADABTC breaking out here with a 12% move against BTC. Its looking very good for ADA with BTC turning bearish today. This shows positive sentiment for an ADA pump but also it shows that a BTC bounce may be on the cards in the not too distant future.
Also worth noting that ADAUSD is currently 9% green today against the BTC dump.
As I've said in previous threads, whenever BTC bounces ADA is going to pump.
Anyhow I've been browsing TV indicators finding trend tools and here's a good one for trend channels - the Supersmoother.
Similar to bollinger bands and other trend channel tools, but this one seems particularly good for finding reversals and breakouts.
Here can see the lower bands were threatened as the smoother drifted sideways post descent. But then in the sideways move, price has rose into the upper territory.
And now price has broken out above the upper bands, showing that this is probably not a fakeout, this will most likely become a rally of significance.
Also Guppy turning bullish blue again indicates the same.
Fibs showing possible EW targets. Price can consolidate 1.618 in this area and move on potentially.
Not advice.
Mercator - MFI bullish divergenceLet's move on to analyzing what is happening in our Krakow company.
In the beginning, technical analysis - treat with distance :) You don't have to believe in TA, but you have to bear in mind that others do.
The price stopped at 0.786 fib. There is nothing under this support for a long, long time. So a fall in price below this level will most likely round the trend - bearish.
The RSI shows the oversold level - a buy signal.
Additionally, VWMACD is clearly approaching positive values, which indicates a change in the trend.
The Money Flow Index shows a bullish divergence, a strong signal of opening a long position.
Fundamental analysis directs us to quarterly reports.
Revenues from Q4 / 2021 and Q1 / 2021 decreased from 652 218 to 551 644 thousand PLN. Rather logically, the September-December 2020 period was more profitable than the December-March period due to the COVID situation in Poland. The result was fear. Still, stopping at values close to Q3 / 2020 is a good sign.
Net profits pulled us back from Q4 / 2020 to Q1 / Q2 / 2020, which rather discourages people from investing in MRC.
The next MRC report will decide the value of the stock.
Silver H4 viewsilver is in channel now we can see the bullish flag and there is a possibility to move down in ISM.
MRC Potential - Shift to trend or back to range?MRC attempts to break its range, recent consolidation and far enough oversold area could allow it the breathing air it requires to get there, although a stronger breakout was preferred.
MRC Day Trade Perfect Gap N Go (Feb20,2015)MRC expected to open at 12.40 for a Perfect Gap N Go. To learn to trade this strategy for free go to www.RealLifeTrading.com
