Thursday, August 22, 2019 5:06:19 PM
bleeding down the steps. 5.18 today. 5.33 the other day. maybe 5 dollar by friday? pick your bargain price.
my chart picture is looking at the target zone 5.30-4.90 area. 5.40 looked like it wanted to hold for a few days...until it failed. target is lower down. now 5.20/5.18 today. as price rolls over at resistance 5.60 then 5.40 and now looking at resistance 5.35 area. rolling over and down to the next lower target steps. it bounces to resistance that rolls over again and drops down the steps. we see this pattern all the time. There is a finish target step somewhere. and its no longer the 5.40 or 5.30 . Many investors may be ok with buying here at 5.20. others could be waiting for 5 dollars.
Hows the buying volume today at 5.20? how was it the other day at 5.40. and 5.33.
Is there any good news or PR coming soon that would place a floor on these target steps.
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A stronger bullish momentum should have had price Holding the 5.40 like it tried to do. but when 5.80 and 5.70 started capping resistance, it was a set up for resistance at 5.60/5.50 to get sold down and thats what we see happening now. I like the target at 5 dollar area myself, but Ive been off the bullseye before.
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MRKR retrace is looking to find and complete the finished bottom in this downwave .The first rally wave looks like it finished at 5.83 for that wave. The math target zone for retrace is 5.10-4.90-4.70 area
would it hold at 5 dollars this time? it plunged right thru 5 dollars on the way to bottom at 4 last time.
Bargain hunting at the retrace target pullback zone
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