MCO nearing the bottom

Hi!

By request I took a look at MCO and it is indeed starting to look really promising for a mid to long term position.

Gradual positioning when accumulation starts below 0.00080.

Targets:

MID:

95
105
115
125
140

LONG:

140
170
190


All the best!! -B

İşlem aktif:

RSI is really hitting oversold on 4H chart.

We have our buy in target being hit!

Position: 74-80
Stoplimit: 68

Yorum:

We can also wait for bullish confirmation, once trend line is broken.

Yorum:

We have a reversal indicator, the doji star. This should take us back to the upper trend line resistance. If we manage to break out of the trend line we might see a nice run.