chart monitor: MRC/MRC ALLIED INCORPORATED (22 MAY 2017)

remarks:

1. MRC closed higher to 38.5 centavos ... up 4.05% ...

2. resistance: 39.5 - 40 centavos ...  

3. the macd histogram is still below the 0 - horizontal ... but it went higher for the 2nd day ...

4. short term trend followers may still position in MRC ... as the histogram is still below the 0 - horizontal ... pero the 40 centavo-resistance is the next hurdle to overcome ...

* what is a "short term trend follower"

* these notes are good only for the next trading day ... and NOT for the subsequent trading days 

* these notes are mine alone ... and are for sharing with short-term trend followers

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