MLCF - Bullish TrendMLCF reversed bearish trend to bullish trend with entry through Fib Golden Ratio.Longby ZubairShah912
MLCFCall was shared on 26-11-2023 when it was at 39plus Made a low of 38.47 on 27-11-2023 Current rate 42.40 by House-of-TechnicalsUpdated 0
MLCFThe prevailing market conditions indicate that the price action is currently confined within the parameters of a triangular pattern, with established resistance observed within the 40-43 range. A discernible observation is the stock's positioning in the concluding phases of this pattern, identified as wave E, thereby suggesting the culmination of intermediate wave C within the evolving upward corrective cycle. A breach beyond the resistance at 43 would serve as a catalyst for an upward trajectory, setting a prospective target in the vicinity of 50.90. Furthermore, the Relative Strength Index (RSI) indicator is noteworthy for its positioning within the overbought zone, situated above the level of the preceding low. This nuanced trend in the RSI aligns with the overarching uptrend in the market. Conversely, a weekly closure beneath the threshold of 36 would signify a vulnerability in the price dynamics, potentially paving the way for a subsequent descent towards the subsequent support level at 34.by mbaberhanif3
MLCF PSX KSE100Price consolidates and breakout around 41+ now with handsome volume moving to the next fib level around Rs.51+Longby prokhalidraza3
PSX - MLCF OutlookAs MLCF has given the breakout of LH and heading towards heights. apart from part of top volume leaders and we can also active buy back from MLCF company which is also strong indictor bullish trend expected. I highly recommend to hold the MLCF for long term. below are the Short term trading entry levels Entry:39.10 SL: 35.70 TP1:42.50 TP2:45.90 by Munawaz2
MLCF - Bullish TrendMLCF is trading in bullish trend and printing higher highs and higher lowsLongby imaliriaz0
MLCF:PSX is expected to continue downtrendMLCF:PSX was analysed on 1D time frame and has been observed to print LHs and LLs. Simultaneously, bearish divergence is also evident on RSI. Therefore a short entry through a Sell Stop order has been on price breaking down below that last LL. SL has been placed above 61.8% fib level of swing as it hasn't completed forming the new LH. It may be adjusted in coming days if so required. TP has been set as per 1:1 RRR.Shortby UsmanFarouk3
MLCFMLCF currently trades above its 200-period Simple Moving Average, indicating a bullish trend with higher highs and higher lows. If it breaks the initial resistance at 30.10, the next target is 33. The first support is at 28.30, with a secondary support at 26.52 if the initial support is breached. These levels serve as key references for price analysis.Longby mbaberhanif0
Long Term on MLCFOn longer term it has broken weekly trend. Wait for the retrace and confirm for going long!!! Lets see what happens@@@Longby AnalytixEdgeByQasim5