MDC has been forming a cup pattern dating back to 2005. Its UUUUGE! MASSIVE! THE BIGGEST THE WORLD HAS EVER SEEN! No but seriously,
YoY and QoQ they have increased earnings and profits in a steady upward trend. From 2017 to 2020, they increased earnings from 2.5 to 3.8 Billion, while at the same almost doubling the profit margin. 2020 which has been a hard year...
Cup handle finalized target 62.5
Entry trigger is set to 55.6, Closing price.
Possibility for an upper channel resistance in range.
Main and critical support is 51.6
Not recommended to buy or sell MDC stocks
Just an Idea,
This price move could indicate a change in the trend, and may be a buy signal for investors. Tickeron A.I.dvisor found 37 similar cases, and 32 were successful. Based on this data, the odds of success are 86%. Current price $45.86 crossed the resistance line at $47.13 and is trading between $47.13 resistance and $44.98 support lines. Throughout the month of...