3/3/14 Afternoon: So, one of our eagle eyed members wanted to have a look-see of MACK.
The lower of the 2 images, the 4 hour chart, shows a stock that recently pulled back from a nice rally where it has been in a sideways channel for around 2 weeks.
Clearly the top of the channel, roughly $5.20-30 is a key resistance area..and the main reason we had bought a few days ago.
Additionally, the top Weekly chart shows a stock that has held it's recent pullback at around $4.73 which btw is exactly where the key 38% Fib Retracement level is...and will you look how it held that line!
Net net, it needs to make a move toward resuming it's prior uptrend or the next stop on the Fib train is the 50% level..or around $4.30