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Analysis: #NASDAQ $MRBK

Case 84 #Meridian_Corporation

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

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#MRBK 1/4
Chart 1
Monthly Chart: Good buying interest was found at 16.70, off the all time October low, and then rising strongly in November closing above #Fib and #pivot #resistance which had guarded against upside thrusts for .......

MRBK 2/4
..... a whole year. Price needs to close above 20.06 and from there we should see new all time highs.

MRBK 3/4
Chart 2
Weekly Chart: Price behaviour has become a little erratic and we hope it corrects lower rather than just take off.

We're a little cautious about chasing the price higher.

The #Strategy is printed on the image

$MRBK 4/4
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