Retracement levels:
38.20%: 37.9249
50.00%: 36.9750
61.80%: 36.0251
MBT 6-month Daily chart
Retracement levels:
38.20%: 77.4262
50.00%: 75.5500
61.80%: 73.6738
MPI 6-month Daily chart
Retracement levels:
38.20%: 4.2108
50.00%: 4.1400
61.80%: 4.0692
SCC 6-month Daily chart
Retracement levels:
38.20%: 175.8100
50.00%: 170.5000
61.80%: 165.1900
The red circles suggests possible entry for the said stocks, using MACD and Rate of change as technical indicators to confirm entries.
Retracement levels should not be followed strictly but should only be used as a guide for possible entry. Use technical indicators together with the retracement levels to confirm the entries.
Buy signal maturity ranges from 1 to 6 days max; continuation of price decline and/or consolidation suggests that one should avoid the stock for the mean time and/or until it shows a clear cut signal/confirmation.
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