MSM: Holding Above 200 Moving Average In Support Zone

24 Nis

MSM looks to be Triple Bottoming with Triple Bullish Divergence on the MACD above a Congestion Zone and has also formed a Bullish Deep Gartley Visible on the Daily and 4 Hour Timeframes. If it holds we could see the period of consolidation break upwards and given the industrial nature of this stock and how other industrials have performed after experiencing similar retraces towards support, we would likely see a move towards the ATHs, after that we would then aim for the Fibonacci Extensions which could hopefully even take us to the 1.618 near 150 Dollars.