$MP - RC -
Added 2023-12-16 19:23:07 +0000 UTCLast time I uploaded this chart I said to watch for support on the 0.887 Fib at $15.52
It has managed to find support on this level which was also the channel support line too.
The price is above the 50 Day MA now but I still need to see more to say that a reversal is happening now.
Levels to watch for next for the bulls:
Getting above our blue line at $20.21
Getting above the 200 Day MA at $22
and finally out of the long downward channel at $24.50.
A positive move in this direction and bulls can be hopeful for a turn around here, this company has got great fundamentals.
