• Nice upside of the MCD in the last weeks. • It looks like a flag formation beginning April at the 61.8% Fibonacci Retracement • The gap before the flag formation showed a nice support at USD 242.95/244.77 • 50 MA is turning positive and will cross the 200 MA soon if the upside is continuing • Outbreak of the flag formation was with higher volume which is supportive for the continuation • Price target at around USD 280 • Let’s see if the price can break through the resistance of the 100 MA and the 76.4% Fibonacci Retracement in the next days
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