$MERL is cracking higher, but the real move may still come after the retest

After more than 20 days of compression, this looks like the kind of market that wants to test patience before it rewards conviction. The first green push can easily be a liquidity sweep, so the cleaner read is to let price prove acceptance instead of chasing strength into a possible pullback. If the retest holds, the trend can build; if not, whales likely used the move to refill shorts and shake out late longs.

Not financial advice. Manage your risk and protect your capital.

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MERL

Alpha

0.034772

-0.49%