Long
MCO Explosion?
Monaco (MCO) looks poised to explode out of a very long descending triangle. Several times it has bounced off of the 0.886 fib for support as of late. My thoughts are to buckle-up for a nice ride.
Note
Monaco has been running along the descending trend line and the volume has shrunk. Shouldn't be too much longer before it takes off! Note
MCO is now using the former resistance as support! RSI is showing it to be at an oversold level and volume is increasing. All good signs despite the way BTC has been moving! 
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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.
Share good things with good people.
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.