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Weekly MCO Chart
I'm not really interested in selling MCO while it is less than $28.99.
My personal target lies in the gold zone.
Let's see how MCO performs during this bull run.
I think many are expecting the price to plummet back to $3.91 - $4.33 zone after this rally to $20.12 - $28.99 range.
But, that type of thinking may be skewed since the resistance at $20.12 + is weakening with each touch.
And, if the price breaks above $28.99 then the sky is the limit since there isn't any points of horizontal resistance. The only resistance for the price is diagonal resistance.
My personal target lies in the gold zone.
Let's see how MCO performs during this bull run.
I think many are expecting the price to plummet back to $3.91 - $4.33 zone after this rally to $20.12 - $28.99 range.
But, that type of thinking may be skewed since the resistance at $20.12 + is weakening with each touch.
And, if the price breaks above $28.99 then the sky is the limit since there isn't any points of horizontal resistance. The only resistance for the price is diagonal resistance.
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