MPC on breakout Watch
Watch for weekly close above he orange resistance line. RSI needs to continue to find strength. Watch that MACD Cross. Not sure how strong that signal is.
Note
Last week we saw a doji at the top of the daily rally. Failed to break out then. However still holding above 52. One more note. I recall that MACD crosses that occur above the zero line are not very meaningful when compared to a cross that occurs at zero. So nothing screaming too much here on the weekly chart.
Note
My rsi trendline drawing was learned from "Eric Muathe"
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-If you find this idea interesting please leave a like
-Follow for more
-Comments are always welcomed and appreciated
-Follow for more
-Comments are always welcomed and appreciated
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.