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Originally published by Streetwise Reports on Sunday, March 21, 2021
THIS STOCK IS STARTING A POWERFUL 2nd UPLEG...
Marble Financial is a company that helps its clients clean up their credit apparently in a rather unique way. Its stock charts looks unusually strong which is why we are looking at it here. Had I seen it earlier we would have bought it before Friday’s breakout.
On Marble’s chart from inception just over 2 years ago, we can see that after marking out a base pattern it broke out in January of this year and raced ahead on big volume, before reacting back to test support in the upper part of the base pattern. The extraordinary strength of the Accumulation line, which is already making new highs, points to another upleg, which in fact stared on Friday. Now we will examine recent action action in more detail on a shorter-term chart.
On Marble’s 4-month chart we can see the powerful high-volume upwave in January and how it has been followed by a normal reaction that has more than unwound its earlier heavily overbought condition – now it is significantly oversold on its MACD even after Friday’s break higher, which means that it has plenty of upside potential. Additional bullish factors to note on this chart are the big hammer candles that tagged support at and above the rising 200-day moving average, the very strong Accumulation line already making new highs by a big margin that we observed above and the powerful volume breakout that occurred on Friday.
Marble’s unusually strong chart suggests that it is head much higher and probably quite quickly – comfortably to new highs, and so it is considered an immediate strong buy. Waiting to pick it up a cent or two cheaper will likely lead it missing it.
Marble Financial website
Marble Financial Inc., MRBL.CSX, MRBLF on OTC, closed at C$0.31, $0.212 on 19th March 21.
Posted at 6.00 pm EDT on 21st March 21.
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