Technical analysis is the forecasting of market prices by means of analysis of data generated by the process of trading. Technical analysis relies on the assumption that markets discount everything except information generated by market action, ergo, all you need is data generated by market action.
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From the indicators, MRCB most likely will in sideway trading mode this week, the price ranging from 2.22-2.28. The 20dMA (brown line) is a strong support for MRCB. As long as it doesn't close below 20dMA, it still have potential to become uptrend.
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