MR may target weekly highs
There are two observations on the weekly chart of Montage Resources.
The first one is we have a bullish divergence on MACD and RSI. The second one is the noticeably increased volume that has established over a whole year.
On the daily chart, we see a breakout with a strong volume that stands out. Price may test previous highs at around $7.5 or so.
Stoploss can be placed below the previous pull back just below the Daily S/R
The first one is we have a bullish divergence on MACD and RSI. The second one is the noticeably increased volume that has established over a whole year.
On the daily chart, we see a breakout with a strong volume that stands out. Price may test previous highs at around $7.5 or so.
Stoploss can be placed below the previous pull back just below the Daily S/R
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