MCO ANALYSIS:
MCO had recently seen a massive leg up, and held pretty steadily above the 100MA. So far this is holding as a temporary support, and a possible accumulation phase is being formed. This is bullish for the future. In case of a possible break down, there is the support zone at 4750 sats. I expect more bouncing inside the current phase near 5900 sats. A few small dips are nothing to worry about if the daily holds above 5600. The next take profit targets are T1 back at 6320 sats, T2 at 6960 sats, and finally T3 at 7500 sats. The final target is inside a heavy resistance block zone and I expect a strong rejection. I would exit completely before this zone is hit and recommend taking profit along the way!
Possible Entries: 5600-5900 sats
MCO had recently seen a massive leg up, and held pretty steadily above the 100MA. So far this is holding as a temporary support, and a possible accumulation phase is being formed. This is bullish for the future. In case of a possible break down, there is the support zone at 4750 sats. I expect more bouncing inside the current phase near 5900 sats. A few small dips are nothing to worry about if the daily holds above 5600. The next take profit targets are T1 back at 6320 sats, T2 at 6960 sats, and finally T3 at 7500 sats. The final target is inside a heavy resistance block zone and I expect a strong rejection. I would exit completely before this zone is hit and recommend taking profit along the way!
Possible Entries: 5600-5900 sats