Start of a big downfall in the counter
M&M Fin - CMP 280
Elliott- thats an expanded flat corrective pattern of which the C leg of the downfall has started. this is just the start of a big downfall in the counter.
Fibs- the rally halting at 38.2% is an indication of weakness. Yet another indication of further weakness.
RSI - on the monthly chart the RSI is absolutely positioned in the bear zone and also below the MA cross.
MA- the Japanese used this two MA's on the daily charts and called its crossover the Golden cross. That is has happened on the downside is yet another indication of further weakness.
Min tgt is 180 on this one.
Elliott- thats an expanded flat corrective pattern of which the C leg of the downfall has started. this is just the start of a big downfall in the counter.
Fibs- the rally halting at 38.2% is an indication of weakness. Yet another indication of further weakness.
RSI - on the monthly chart the RSI is absolutely positioned in the bear zone and also below the MA cross.
MA- the Japanese used this two MA's on the daily charts and called its crossover the Golden cross. That is has happened on the downside is yet another indication of further weakness.
Min tgt is 180 on this one.
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