Expecting a Flag Breakout in MAZDOCK

After a good rise of around 30% in first week of June, Mazdock has consolidated well now for two months. It has formed a flag pattern and very well respecting the levels. I expect it to give a flag breakout in near future. My targets are 266 (7.5%), 283 (15%) and 296 (20%) . MACD is weakening and I expect it to go positive in the coming week.

Yorum:

Breakout, 277 high today. Way to go. 10% since first call