Aug. 2 at 7:51 PM
Mercurity Fintech (
$MFH) is trading at
$4.15, up 1.1% today and +35% over the past week, but still below its 200-day SMA of
$5.08.
Technicals show neutral RSI (50.6) and a flattening yet negative MACD (–0.38). Price has cleared the 20-day (
$3.81) and 50-day (
$3.88) SMAs, suggesting short-term strength, but remains under the key 200-day level. With an ATR of
$1.05, MFH exhibits high volatility, and a short interest of 534K shares (4.7 days to cover) adds squeeze potential.
Key levels:
• Resistance:
$4.50–
$4.75, then
$5.00–
$5.25
• Support:
$3.50 (recent consolidation), then
$2.80
Trade plan:
• Entry: on pullbacks toward
$3.80–
$4.00 or break above
$4.50
• Stop-loss:
$3.50 to cap risk
• Targets:
$5.00 initial,
$6.00 if momentum continues
This remains a speculative, high-volatility play—use small position sizes and watch for sudden swings.
