Live monitoring of the Rounding Bottom setup on MLM. See where price is heading.
Gradual reversal from bearish to bullish.
Bearish continuation if preceding move was down.
Technical analysis of Martin Marietta Materials (MLM) reveals a significant setup. The stock is trading at $597.18, down 0.29% on the day. Algorithmically, a Bearish Flag structure has completed. Volume is average (0.44x avg) with moderate trend strength (12.7). A potential breakout level is identified at $554.72, targeting $399.34 with support near $609.48 (R:R 2.84).
What is your outlook on MLM?