MER - gap up white candle

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MER = 88.5 (7.3%)

MER formed a gap up white candle to move above the 130MA with significant increase in volume.

MER broke out of what seems to be an aggressive supply line.

MER manage to break the recent previous high of 88.

MER posted greater volume since 9 septmeber 2007.

Recommendation: hold until there is clear sign of reversal :)

Support: 130MA, 84.5
Resistance: 93.5-94

Good luck to all MER traders!




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