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
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.