$MLM forming 4 Month #Rectangle #ChartPattern

MLM is another stock showing relative strength and could be setting a breakout to higher prices in the coming days. A clear daily close above $230 resistance that has been tested multiple times in recent weeks will set the stage for the next leg higher.

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closed above resistance today but not very convincing. lower than average volume and just barley above resistance.

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that pullback day was a perfect entry. i picked some shares at $228. stop breakeven now with the strong move up today :)

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My limit sell order was filled when the stock tagged the weekly sloping trend line on the chart yesterday.