ARYK0

MCF Potential Bullish Reversal

AMEX:MCF   None
2
AMEX:MCF In the recent past after an Earnings Report it has rallied even if it was a bad ER. Its in a price range it was in from 2/01/16 - 3/02/16 and when it broke out of that range it rallied for 2 weeks. Price Oscillator just positively crossed over its moving average and if it continues to break out it could be a buy signal. RSI just made a higher high and higher low coming out of the oversold level. MACD is converging positively on the signal line a crossover could be a buy signal. A Parabolic SAR crossover could also be a potential buy signal. If it does breakout im expecting resistance near one of the green trendlines (1/3 line, 2/3 line, and previous resistance).
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.