MCO has produced a very big cup and handle pattern on the non logarithmic chart A great example
The PEAD projected a Bullish outlook for $MCO after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 100%.
The PEAD projected a Bullish outlook for $MCO after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 77.78%.
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MCO is offering an intersting short setup here. Risk/reward to first PT is 4.1 with a reasonably tight stop loss.
I think very good chances MCO will touch 0% Fibonacci today in this 15 min chart.
Above the 200 ma with parabolic sars o. The chart enjoying a macd cross above that signal line - gives us a tried and true setup for a move up to $390 The 8-20 $390 call is priced nicely I only plan on being in this a day or two at most - might even exit first day of the contract if it immediately goes my way
Higher prices are expected
1. Head and shoulder pattern, we can open a short position and them Inverse head and shoulther pattern we can open a long position wich confirms the previous trend.
3.12% in Warren Buffett's portfolio💰wait at 254$ and buy, good luck for all. Leave your feedback in comments
Hey people,**DISCLAIMER** content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. MOODYS CORP will pull back on trend support then upward recovery. Please LIKE & FOLLOW, thank you!
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MCO is a long time favorite due to its virtual monopoly. Exiting support zone.
Moody's long term trend, weekly datapoints