Potential HSI know this a bull market but I think we will have a hard pull back soon. I don't want to be caught with my pants down so I opened another short. I'm still bullish overall but I feel better hedging my portfolio.
MCO trade ideas
Moody’s (MCO displays an 1-year base break out.MCO is a financial exchanges and data stock that is breaking out from a May 2022 into June 2023 big base. This pattern favors upside back to the 2021 peaks near 388 and 408 with additional potential to the pattern count at 420-422. Holding 336 to 325 keeps the breakout firmly intact for MCO. Rising 13, 26, 40-week and 200-week MAs underpin this bullish trend from 312 to 294.
MCO is breaking out from a May 2022 into June 2023 big base. This pattern favors upside back to the 2021 peaks near 388 and 408 with additional potential to the pattern count at 420-422. Holding 336 to 325 keeps the breakout firmly intact for MCO. Rising 13, 26, 40-week and 200-week MAs underpin this bullish trend from 312 to 294.
Moody's Corporation WCA - Inverted H&S
Company: Moody's Corporation
Ticker: MCO
Exchange: NYSE
Sector: Financial Services
Introduction:
Hello and welcome to our technical analysis! Today we're examining the weekly chart of Moody's Corporation on the NYSE. A fascinating pattern within a pattern is currently unfolding, with an inverted head and shoulders formation potentially serving as a bottom reversal.
Inverted Head and Shoulders Pattern:
An inverted head and shoulders pattern typically serves as a bullish reversal pattern, signifying the transition from a downtrend to an uptrend. It's characterized by three successive lows with the middle low (the head) being the deepest and the two other lows (the shoulders) being shallower.
Analysis:
Moody's previous trend was clearly bearish, interrupted by a consolidation phase taking the form of an inverted head and shoulders. This pattern has been developing over 392 days.
Although the usual symmetry between the shoulders is absent, the right shoulder sitting higher than the left is typically a positive sign. Intriguingly, the right shoulder itself seems to be forming as a smaller head and shoulders pattern, all occurring above the 200 EMA.
The horizontal neckline of this pattern is at $325. A breakout above this level could provide an opportunity for a long position entry. Upon a successful breakout, our projected price target would be at $418.30, translating into a potential price rise of approximately 28.83%.
Conclusion:
The weekly chart of Moody's Corporation presents an interesting pattern within a pattern, where a short-term head and shoulders pattern forms within a longer-term inverted head and shoulders pattern. A confirmed breakout above the neckline could offer a promising long position entry.
As always, it's important to conduct your own due diligence and employ appropriate risk management strategies before making any investment decisions. Not financial advice
Thank you for joining this analysis. If you found it insightful, please like, share, and follow for more market updates. Happy trading!
Best regards,
Karim Subhieh
MCO 2nd try 📈As you're seeing on this chart - made my 2nd long entry. The first order didn't get filled. I've decided now, that the 38's % fibo retracement seem to give enough support. Would be better if the price has been touching the broken trendline below, but this setup may also work. Let's see.
Good trades, folks!
$MCO with a Bullish outlook following its earnings #Stocks The PEAD projected a bullish outlook for $MCO after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 50%.
MCO 2008 parallels? In 08 we closed below and broke the 200 sma on a weekly and then retested. From the lows, the retest was 30%.
THIS TIME, % are VERY CLOSE to the exact same. Close enough to watch these levels and look for. a bear trade ;-)
$MCO with a Bullish outlook following its earnings #Stocks 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 80%.
MCO - A Nice Cup and Handle ExampleMCO has produced a very big cup and handle pattern on the non logarithmic chart
A great example
$MCO with a Bullish outlook following its earnings #Stocks 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%.
$MCO with a Bullish outlook following its earnings #Stocks 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%.
Moody's Corporation (MCO) - Currently Approaching Short SetupMCO is offering an intersting short setup here. Risk/reward to first PT is 4.1 with a reasonably tight stop loss.
MCO prediction for 15 min chartI think very good chances MCO will touch 0% Fibonacci today in this 15 min chart.
MCO!!! let’s go MCO!!! let’s goAbove 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 $390 call is priced nicely I only plan on being in this a day or two at most - might even exit first day of the contract if it immediately goes my way
Head and Shoulder1. Head and shoulder pattern, we can open a short position and them Inverse head and shoulther pattern we can open a long position wich confirms the previous trend.
MOODYS CORP3.12% in Warren Buffett's portfolio💰wait at 254$ and buy, good luck for all. Leave your feedback in comments
MOODYS CORP is to BUYHey 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.
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MCO exiting support zoneMCO is a long time favorite due to its virtual monopoly. Exiting support zone.
