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!

Note

Here is the same chart, zoomed in, showing the Gann Fan used in the opposite direction. Right at the breakout point is when we'll get a bounce off the 1/1 angle. Hopefully...

Note

Please forgive me, but my Gann angles were incorrect - The chart was not squared. Here's an updated chart, this time on the MCOUSD chart from bittrex.

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