$MERL MERL has bounced cleanly from 0.208, indicating that buyers remain active. It is attempting to switch short-term moving averages to support, but the overall trend remains weak unless it breaks higher.
My view:
This is a speculative long position, so keep the size small.
Trade idea:
➤ Buy zone: 0.210 – 0.214
➤ Stop loss: below 0.205
➤ Targets: 0.225 → 0.238
If it falls below 0.205, I would exit quickly.