Memorial Resource Development to complete head and shoulders pat

An independent natural gas and oil company MRD is on its way to finish weekly head and shoulders pattern which would become an expected result of the rally since the beginning of the year. The company has already doubled its price since February 2016 and has every chance to increase the value of the shares.
The level of $15, which the company is now facing, is crucial both technically and fundamentally. However we would expect the price go up to its next level of resistance at $20.

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