Mtn Groups/adr had a nice pop today and is currently up 3.33% we'll see if the cash keeps flowing in. It looks like MTNOY may be interacting with a slightly angled support line. This area could represent a pivot point that it moves up from. If we also take into account the strong positive momentum that Mtn Groups/adr has shown over the last year. A lot of buyers typically come in on dips to bid the price up. It certainly increases the
likelihood of getting a nice bounce off of this particular resistance line.
If we get a reversal off of support and Mtn Groups/adr starts moving up, it can probably get to $14.623 at which point it'll need to break through that resistance level in order to keep moving higher. If it fails to bounce off this level and breaks down lower, it will most likely find the nearest support a the $13.1475
at which point, it may have a chance of recovering from there.
