MPS Group
Weekly chart shows falling wedge pattern in place. There is also an abc 3 wave pattern contained within the falling wedge. Wave C has 5 waves within it. Price is currently right below key LIS and s/r of $11.60. For the past 6 weeks or so, price has been held in a narrow range just below this key LIS. No clear buy signal in place as of yet.
Daily chart shows the corrective nature of the last move down. Current support at $10.43 seems to be holding for now. IF we get follow through with buying activity, THEN look for .618 fib as first target.
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