$MUBARAK has started another recovery after the recent pullback, and this time the move looks focused on reclaiming the higher zones.
The recent price action shows buyers stepping back in after the sharp correction from the September highs.
The $0.07 area is the first important zone to clear, and holding above it could give #MUBARAK room for another push.
If this recovery continues, $0.08 and then $0.09 could come into focus before the bigger $0.10 level.
For me, the main target of this move is $0.10, and I would not expect this recovery to fully cool down before $MUBARAK gets a chance to test that level.
The recent price action shows buyers stepping back in after the sharp correction from the September highs.
The $0.07 area is the first important zone to clear, and holding above it could give #MUBARAK room for another push.
If this recovery continues, $0.08 and then $0.09 could come into focus before the bigger $0.10 level.
For me, the main target of this move is $0.10, and I would not expect this recovery to fully cool down before $MUBARAK gets a chance to test that level.
