Time to buy Merlin entertainments? 

Merlin Entertainments (LON:MERL) has just completed a small 1:1 AB=CD pattern at the end of last wave down. It is also testing support level established when floated onto the market (Red line). Down trend also intercepts equidistant parallel channel of previous trend lines   

Weekly chart demonstrates visually 


Possible long term Buy or short term Trade 

Any thoughts?

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