January 18, 2013

M&M Weekly sell signal

 
  • M&M daily chart shows support near 890 levels.
  • 100 Week SMA is at 879 and previous resistance level marked in chart at 880. These two levels may try to act as support if 890 gets broken.
  • Last chart shows a weekly MACD sell signal which will perform well if week closes below 20 Week SMA. 
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