MCC - Fallen angel breakout long from current level MCC is in our watch list from quite a while. After a huge fall it made a base and suddenly broke out on huge volume. It has lots of divergence in the Money flow. Though it had a big run already, it still can be a good Long opportunity from current level if the market is positive. For the conservative trader it would be good idea to wait till it breaks it MA line resistance.
MCC
MCC - Fallen angel type of Long from $6.36 to $7.13MCC looking a very good long setup. It is building some solid base & some reasonable close recently. Moneyflow also going up strongly. We think if it breaks up from here it has good upward potential.
* Trade Criteria *
Date First Found- June 15, 2017
Pattern/Why- Fallen angel formation.
Entry Target Criteria- Break of $6.36
Exit Target Criteria- 1st Target $6.78, 2nd Target $7.13
Stop Loss Criteria- $6.07
Please check back for Trade updates. (Note: Trade update is little delayed here.)
