MARI stock breaking out of descending channel

MARI stock is trading within a descending channel, facing resistance from the trendline.

A breakout above this level could push the price toward the 627.40 target. However, failure to sustain above may lead to a drop toward the 512 support zone.

A breakdown below 512 could accelerate losses toward the lower trendline. Confirmation is key.

Ahsan Tofique

Ahsan Tofique is a PSX Trader & Technical Analyst who loves to analyze charts and find trading opportunities.

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