Even in weak market conditions a good report can/may make a difference. MPL stages a BREAKOUT/SOS (sign of strength) suggesting a resumption of a new BULL RUN. Breakout level around $2.15 now turns support on any pullback with MPL.
Can SPK follow suit with a breakout, to resume a new potential BULL RUN ? Looks more likely than not as of this writing ( intraday) that may be the case. But as always EOD ( end of day) confirmation is a must. Even if it is confirmed we should remember that not all breakouts do succeed. Follow through always adds that extra technical weight.
CCL is another one which may be in the process of forming a POTENTIAL WYCKOFF SPRING or a SHAKEOUT in conventional charting terms. Close above $9.00 is required to negate the most recent BREAKDOWN suggesting that it may have been a SHAKEOUT. For a new BULL RUN with CCL $9.50 above is a must.
TRS did resume a new BULL RUN yesterday and the $7.00- 7.50 BREAKOUT ZONE now turns SUPPORT with TRS on any pullback.
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