MER - big white candle

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MER = 83 (3.1%)

MER formed a big white candle with higher high and higher low. Volume increased.

MER continue rally or uptrend.

MER retraced almost 61.8% of the recent correction or downtrend, making the continuation of the recent correction or downtrend less likely due to the unhealthy retracement.

Looks like 130MA will act as a level of resistance and 65MA and 32MA will act as levels of support.

Expecting a pull back?

Window dressing?

Good luck to all MER traders!
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