MKS weekly 13/05/13
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MKS is very close to the 432p level now. You can see that level's importance on this weekly chart:
The ascending triangle target on a breakout would be 672p where there is natural resistance. Obviously it would take ages to get there and there's the gap at 518p to deal with but the RSI looks like it's breaking out...
I'll wait for a close above 432p and then look to enter long on a backtest of that level.
The ascending triangle target on a breakout would be 672p where there is natural resistance. Obviously it would take ages to get there and there's the gap at 518p to deal with but the RSI looks like it's breaking out...
I'll wait for a close above 432p and then look to enter long on a backtest of that level.
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