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Re: None

Thursday, 11/07/2019 7:58:52 PM

Thursday, November 07, 2019 7:58:52 PM

Post# of 34788
Sitting ,waiting in a big train station

MRKR ,has been gyrating up and down within a big zone from 3.75 to 4.25 area with 4 dollars in the middle.
able to gyrate top to bottom and back again, with no resolution achieved except the passing of waiting time.

Where are the buy and sell targets in this cycle and pattern?
5 dollars is big resistance on the technical chart, and starts even at 4.40/4.50/4.60/4.70 every 10 cent step along the way. I like the 'buy zone' somewhere below 3.95. but that bottom zone, on the large picture, is really 4.00 to 3.00. (yes, 3 dollars,) 1 whole dollar is the size of the Dreaded Bottom Zone. on the chart.

A while back when it fell to bottom at 3.97 as the last 'bottom' and then rallied to 6.50/6.20, that 4 dollar bottom looked dreadful itself. now it has fallen below that and flirts with this support zone (3.75-4.00 area)

To my eyes, the pattern now looks like it has a chance to rally upward and try again to break thru the 4.30 capping resistance. Today,it made some nice looking jump to hit 4.30 and then got hammered and bled right back down again.
as if the rally never happened at all.
The volume thru the day in these moves looks weird to me. hammered down on lower volume candles... volume is such a strange way to analyze a price action pattern.
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MRKR is making gyrations from 3.75 to 4.25 and remains still unresolved here around 4 dollars.

Lets see a rally climb to test 4.70 and then hold at 4.20 and the chart picture will start looking better.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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