furoreggs

$MLCO should show signal for the future long

Long
NASDAQ:MLCO   Melco Resorts & Entertainment Limited
MLCO achieved or almost achieved a bottom.

As per my observation and conclusions, it can go long, but firstly it should raise the flag, that it's ready to proceed wit hthis deal. What we have to see? Movinng to 19 during the next 3-4 months. This will mean, that it broke the descending line and has a fat for the next jumps.

I believe, it will show a good rally, but since we have a deals with a pieces of probability, we need to get more signals from it. In that way, this will became a perfect investing for the long term.

Does not constitute a recommendation

#investing #stocks #idea #forecast #furoreggs

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