InvestorsHub Logo
icon url

123tom

11/25/19 5:26 PM

#29180 RE: microcapbiotech #29175

I'm waiting as well

and did the same thing as you. but I still have a little cash left to buy more if it drops to lower targets.

MRKR bounces today, but falls back again. but every bounce has a chance to become a rally if the support zone holds, and we see another rally bounce from here. It looks to me like we have to see MRKR break through that 3.20 resistance barrier.
Right now, its working on the 3.00 resistance step. and above that every 10 cents ,and looking at the 3.20.resistance.

The rally targets are showing that a break through the 3.20 is necessary first and 3.30 area is a target. 3.60/3.70 area is a finish target zone for the technical math. thats a 1 dollar rally wave. and that rally would project the next rally after that to the target zone 5.20 area.
-----------------------------------------------------
The math projection can be done from this small bounce 2.60-3.05, these bounces we have had down here, can be measured. but the price is also locked down here (2.60-3.00) so it has to break thru the resistance here at 3 dollars then at 3.20. the bullish appearance wont start until it reaches 3.30 and then holds support around 3 dollars and rallies again another 60 or 70 cents. to target 3.70 area. This is the swing wave picture. and that 1 dollar rally from 2.65 to 3.65 is the first swing rally wave. (Wave 1) or Wave A of the bearish pattern.

restarting again with another 'first bounce'

------------------------------------------------------------------