MA
The bullishness of MA did not push thru. On the first trading day, it was sold down, and on the succeeding days it went a low as 0.25. This definitely invalidated the breakout as the price went back in and below the triangle formation. The bullishness of the MACD has now transformed into a bearish signal, with the looming action of a cross below center line
MA ( Chart: Daily Resistance: 0.032/ 0.036/0.038 Support: 0.029/0.030)
MA seems to have broken out of either an ascending triangle with 0.30 as resistance or a symmetrical triangle with 0.029 as resistance. Target price of either formation would be above 0.040. Volume on breakout is about 3B shares, volume on the last trading day was 1B. If on Monday the stock was bought up with volume of above 1B, this would be a confirmation of continued bullishness. As of current, MACD is indicating a bullish signal as it is above the signal line and at the same time above the center line.
