Long
MCO Kumo Breakout + News on 8/31

We can clearly see, using the Gann Fan indicator, that there is a very likely possibility of the 2/1 line being broken to the upside. The ichimoku indicator tell us that price is crossing into the Kumo and if there were to be a Kumo breakout, we'd see it around the same point at which the Gann Fan indicator tells us it will happen. Couple the technicals with Monaco's product release on 8/31, I think those factors would send MCO on another massive bullish run.
Hang on to your hats folks, you're in for a ride!
Hang on to your hats folks, you're in for a ride!
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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.