MCO bullish breakout
MCO has been in a long term price range action as highlighted in the chart from Aug 2024 till 6 Feb 2025
It has now broken out of the strong resistance of 495-500 and no closed above and also completed retesting of the 495-500 levels
Now although there is a bearish divergence it still looks good for a move up and bull run therefore entry with a stop loss of 488 would be a good less risky trade
Entry @ CMP
Stop loss 485
TP : ride it
It has now broken out of the strong resistance of 495-500 and no closed above and also completed retesting of the 495-500 levels
Now although there is a bearish divergence it still looks good for a move up and bull run therefore entry with a stop loss of 488 would be a good less risky trade
Entry @ CMP
Stop loss 485
TP : ride it
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.