Marston's looking like it may have found a base with support below at 33p. Looking at the past, a bounce higher occurred after a similar set-up.

Taking a look at Marston’s PLC as its stock seems like it may have found a base of support, after trying to consolidate over the past trading week. Its share price currently sits around 34p a share, with a support base below at 33p (lower trendline of the rectangle). A break and close below this base could see the price decline further towards 28p and even as low as 18p. As it has reached that level in the past. However, looking at the history of the chart, we can see that in October last year, we had a similar situation. Perhaps a bounce higher is pending, therefore resistance above sits at 35p and then at 37p. A break above 37p may even see a move higher towards the tough resistance point at 40p (green oval). Thought this is more likely in the midterm. Looking at the technical indicators, MACD is slightly positive but RSI is negative as it reads 41.