MRC Allied Inc (MRC) appears to have broken out from a down trending line. The 15 EMA and 20 SMA are both pointing upwards. The 50 SMA is currently acting as support. Volume profile supports a bullish stance. MACD is bullish and so is RSI, though it is approaching overbought levels. Support is estimated 0.335 while resistance is expected at 0.365.
Majority of the volume was recorded at price 0.35 intraday. Majority of the trades were recorded at the same level. Current price is at 0.355. This means that 0.35 is a significant level and may act as support intraday.
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